The federal government, states, and local government councils (LGCs) received N2.22 trillion as a federation allocation for August, increasing from N2.001 trillion in July. The Federation Account Allocation Committee (FAAC) disbursed the monthly allocation to the tiers of government for August. This was revealed in a statement on Wednesday, September 17, following the committee’s meeting …
The Economic and Financial Crimes Commission (EFCC) and the National Drug Law Enforcement Agency (NDLEA) have jointly issued a stern warning to Nigerian youths, urging them to shun internet fraud, drug abuse, and other criminal activities that are tarnishing the country's global image and jeopardising opportunities for law-abiding citizens. Speaking at a youth-focused event held …
President Bola Tinubu has announced the end of the six-month state of emergency imposed on Rivers State, declaring that Governor Siminalayi Fubara, his deputy, Ngozi Nma Odu, and members of the State House of Assembly will return to office on Thursday, September 18, 2025. Tinubu, in a statement released on Wednesday by the Presidency, said …
Nigerian athletics, Ezekiel Nathaniel has pushed his way into the final of the men’s 400 metres hurdles at the ongoing World Athletics Championships (WAC) in Tokyo — ending a 38-year wait since a Nigerian last reached this stage. The 22-year-old NCAA champion clocked an astonishing 47.47 seconds in the semifinals on Wednesday, dominating the second …
The ruling All Progressives Congress (APC) in Nasarawa State has been thrown into mourning following the death of its Deputy Chairman, Hon. Aliyu Yakubu Barde. Barde, a respected political figure, reportedly passed away in Lafia on Tuesday morning after a brief illness. His sudden demise has left a vacuum in the leadership of the party …
Dangote Group and AfricaRice have launched a ₦1.8‑trillion partnership to scale rice production to 10 million tonnes by 2030. The deal, announced by Engr. Sammy Adigun, Chairman of Niger Foods, promises high-quality locally produced rice, reduced dependence on imports and potentially hundreds of thousands of jobs. Ambitious Production Goals The agreement sets out to increase …
From the sunlit streets of Accra to the sprawling townships of Johannesburg, a quiet storm has taken hold—a storm that knows no borders, spares no one, and spares no conscience. Nigerians, once welcomed as traders, students, and neighbours, now move cautiously, their steps shadowed by fear. Every market stall, every classroom, every home abroad carries …
Nigerians face untold economic hardship, which has worsened since President Bola Tinubu came into office in May 2023, but the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said all that will change when the new tax laws come into effect in January 2026. He gave the assurance during a …
The Centre for the Promotion of Private Enterprise (CPPE) has called on the fiscal and monetary authorities to prioritise reforms to sustain Nigeria's disinflation trend. Its Chief Executive Officer, Muda Yusuf, made the call in a statement on Tuesday, September 16. He said, "To consolidate and build on these gains, a coherent mix of fiscal, …
With a 36.55 per cent year-to-date (YTD) return of the All-Share Index as of September 12, the Nigerian stock market seems to have appreciated significantly since the beginning of this year. The boom is the result of an N26.16 trillion gain to investors as the market capitalisation rose from N62.763 trillion on January 2, when …
