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 …
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 …
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 …
Nigeria's oil and gas sector reforms have delivered 28 Field Development Plans with $18.2 billion worth of investment commitments in 2025 alone, says Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Komolafe said these commitments are also expected to unlock 1.4 billion barrels of oil and 5.4 trillion cubic feet (TCF) …
Blood streamed down his face. Deep gashes marked his hands. Mubarak Bello, 38, had just survived a brutal machete attack outside his home in Sabon Unguwa, Katsina State, Nigeria. “Even yesterday they attacked me. I wounded two people, and they also wounded me. I don’t know how long I can withstand this pressure,” he said …
Rivers State will, on Thursday, September 18, return to democratic rule, six months after President Bola Tinubu suspended Governor Siminalayi Fubara, his deputy Ngozi Odu, and the state legislature under a state of emergency. The end of emergency rule comes with heightened political manoeuvring as the Rivers State chapter of the All Progressives Congress (APC) …
The new tax laws expected to take effect from January 1, 2026, have left many Nigerians apprehensive about certain provisions. One of the provisions is the requirement of a tax identification number (TIN), tax identity (Tax ID) and National Identification Number (NIN) before anyone can continue to operate or open a bank account in Nigeria. …
The smell of smoky jollof rice filled the Lagos air. Drums beat, cameras flashed, and hundreds lined up under the scorching sun, waiting for a scoop from what would become the world’s largest pot of Nigerian jollof rice. Celebrity chef Hilda Effiong Bassey, beaming in her apron, stirred the mammoth pot as cheers rose around …
Nigeria’s push into digital finance is under scrutiny as doubts grow about the credibility of the country’s flagship stablecoin, the cNGN. Promoted as Africa’s gateway to global crypto adoption, the project now faces tough questions about reserves, adoption, and sovereignty. cNGN’s last attested report showed about 298 million tokens in circulation as of June. By …
