FAAC Shares ₦1.969 Trillion Federation Account Revenue
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.969 trillion for the December 2025 Federation Account Revenue among the Federal Government, State Governments, and Local Government Councils. The Federal Government received ₦653.5 billion, State Governments were allocated ₦706.469 billion, while Local Government Councils got ₦513.272 billion. In addition, ₦96.083 […]
NNPC Calls on Investors to Unlock Nigeria’s Gas Potentia
By Arinzechi Chukwunonso The Chairman of NNPC Ltd, Engineer Ahmadu Kida, has urged local and international investors to join Nigeria in unlocking the nation’s vast gas potential, describing natural gas as a key driver for industrial and economic transformation. Engineer Kida made the call during the official unveiling of the NNPC Gas Master Plan 2026 […]
Labour Unions to Protest at FCDA in Support of Fct Workers
By Chinedu Echianu The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have announced plans to stage a peaceful solidarity protest march to the Federal Capital Development Authority (FCDA) on Tuesday, February 3, in support of members of the Joint Union Action Committee (JUAC). The planned rally, according to the two […]
Adeniyi Calls for Global Action to Address Cross-Border Threats
By Oluwakemi Kindness Nigeria’s Comptroller-General of Customs, Adewale Adeniyi, has called for deeper, structured international collaboration to address emerging cross-border challenges. Adeniyi who is also the Chairperson of the World Customs Organisation WCO, Council, listed the challenge to include the growing problem of cargo diversion along transit corridors. Speaking during a panel session at the […]
Reps Pass ₦58.4tn 2026 Budget for Second Reading
By Oluwakemi Kindness The House of Representatives has passed the ₦58.4 trillion 2026 Appropriation Bill for second reading. The bill seeks authorisation to withdraw ₦58,472,628,944,759 from the Consolidated Revenue Fund for the financial year ending 31 December 2026. Spending Breakdown Raises Key Fiscal Issues The budget framework allocates: ₦4.09 trillion – Statutory transfers ₦15.91 trillion […]
NLC Knocks Court Over Order Suspending FCTA Workers Strike
By Chinedu Echianu The Nigeria Labour Congress (NLC) have expressed disappointment over the ruling of the National Industrial Court suspending the strike embarked upon by workers in the Federal Capital Territory Administration. The court’s decision, delivered on Tuesday, January 27, followed a suit instituted by the Minister of the FCT/FCT Administration against workers and their […]
Customs Must Be Central to National Security, Trade Reform — Stakeholders
By Oluwakemi Kindness Stakeholders have underscored the need to place the Nigeria Customs Service (NCS) at the heart of national security coordination and trade reforms, as the Service continues to expand its role beyond revenue collection to border protection, security intelligence, and supply chain stability. This consensus emerged at the International Customs Day celebration, held […]
Customs Surpasses 2025 Revenue Target by ₦697bn
By Oluwakemi Kindness The Nigeria Customs Service (NCS) says it collected ₦7.281 trillion in 2025, surpassing its revenue target of ₦6.584 trillion by ₦697 billion, even as it identified systemic bottlenecks slowing trade at Nigerian ports. Comptroller-General of Customs, Adewale Adeniyi, disclosed this during the International Customs Day celebration and the official launch of the […]
Shell Announces Fresh $20bn Investment Plan in Nigeria
By Sofiat Adenekan-Abdul The Chief Executive Officer of Shell Plc, Wael Sawan, has commended President Bola Tinubu’s leadership, saying it has restored investor confidence and created a healthy climate for investments in Nigeria. Sawan made the remarks during a recent meeting with President Tinubu at the Presidential Villa, Abuja, where he disclosed that Shell and […]
NDIC, EFCC Strengthen Partnership to Recover Bank Assets
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to working with the Economic and Financial Crimes Commission (EFCC) to recover assets and debts from failed banks and prosecute individuals responsible for bank failures. NDIC Managing Director, Thompson Sunday, made this known during a courtesy visit by NDIC management to EFCC […]