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The three tiers of government on Friday shared the revenue allocation of N1.35 trillion for July. A communique issued at the end of the Federation Account Allocation Committee (FAAC) meeting in Abuja revealed the total distributable fund of N1.35 trillion comprising official revenue of N161.593 billion, Value Added Tax (VAT) revenue of N582.307 billion and Electronic Money Transfer Levy (EMTL) …

A devastating incident has occurred in Benue State, where gunmen have kidnapped over 20 medical and dental students, along with a Hospital Officer. The students from the University of Maiduguri and the University of Jos were on their way to the annual convention of the Federation of Catholic Medical and Dental Students (FECAMDS) in Enugu when they were ambushed. The …

Aare Afe Babalola, founder of Afe Babalola University Ado-Ekiti (ABUAD), has criticized the Federal Government’s disbursement of social assistance to citizens, describing it as an attempt to turn Nigerians into beggars and plunge them into poverty. He also expressed his support for the Patriots’ call for a new constitution. Babalola made the comments during a visit by the Prestige Sisters …

The Labour Party’s presidential candidate in the 2023 general election, Peter Obi, on Thursday condemned the seizure of three Nigerian presidential jets in France, calling it a stark example of “failed leadership” and lack of transparency in the country. The jets were seized by a French court over a contract dispute between Ogun State and Chinese firm Zhongshan Fucheng Industrial …

Here are the top 10 stories making headlines across the country. 1. Presidency exposes ‘fraudulent’ actions of Chinese company that seized presidential jet and other assets The presidency said it had uncovered a plot by a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, to seize Nigerian government assets abroad, including the presidential jet in Paris. Read more 2. NJC …

For the fourth straight day this week, the downward trend in the Nigerian equity market continued on Thursday as investors lost N84 billion at the close of trading. This follows a decline in share prices such as OANDO, ABCTRANS, and GUINEAINS among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to …

For the first time since December 2022, Nigeria’s headline inflation rate fell to 33.40 percent in July 2024, the latest data from the National Bureau of Statistics (NBS) showed. This figure is down from 34.19 percent in June 2024. This marks the first decline in the headline inflation rate since December 2022, when it last fell to 21.34 percent. The …

Here are the top 10 stories making headlines across the country. 1. In a pioneering move, Taraba government launches blueprint for LG autonomy In a bid to revolutionize local government administration, the Financial Autonomy Advisory Committee for the 16 local government areas of Taraba State has launched an innovative blueprint. Read more 2. House Speaker Abbas speaks about the controversial …

The downward trend in the Nigerian equity market continued on Wednesday as investors lost N80 billion at the close of trading for the day. This follows the decline in share prices of stocks such as OANDO, CUTIX, and ACADEMY among others on the trading floor. After five hours of trading in the capital market, equity capitalization dropped to N55.21 trillion …

In a bid to revolutionize local government administration, the Financial Autonomy Advisory Committee for the 16 local government areas of Taraba State has launched an innovative blueprint. The committee, chaired by Rt. Hon. Peter Diah, aims to create a model of efficiency and innovation that sets new standards for local governance, and paves the way for other states to follow …