Hafsat Ibrahim

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FAAC shares N1.894trn to FG, states, LGAs in February

A total of N1.894 trillion, representing the February 2026 Federation Account revenue, has been shared among the Federal Government, state governments and local government councils

Saudi POS Transactions Rise to $4.3bn in One Week as Retail, Education Spending Surge

Saudi Arabia recorded point-of-sale (POS) transactions worth $4.3 billion in the week ending March 7, reflecting strong consumer spending across key sectors despite regional geopolitical tensions.

Tinubu Sets Up Presidential Petroleum Reform Task Force

President Bola Ahmed Tinubu has approved the creation of a Presidential Petroleum Reform and Value Optimisation Task Force to design the next phase of structural reforms in Nigeria’s petroleum sector.

FAAC Receives 100% Profit Oil as Tinubu’s Executive Order Takes Effect

The Federation Account Allocation Committee (FAAC) received 100 percent of profit oil from Production Sharing Contracts (PSCs) remitted by the Nigerian National Petroleum Company Limited (NNPC Ltd).

CBN Bars Loan Defaulters from New Credit Facilities

The Central Bank of Nigeria (CBN) has directed commercial banks to block large-ticket loan defaulters from accessing new credit facilities or certain banking services.

ANALYSIS: How the CBN is Reclaiming Monetary Sovereignty, by Zekeri Idakwo Laruba

In a world of fragile emerging markets and volatile capital flows, credibility is currency. And under Governor Olayemi Cardoso, the Central Bank of Nigeria (CBN) has rebuilt Nigeria’s most important economic asset, trust.
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