FAAC Shares N2.225trn to States, Highest-ever Revenue in Nigerian History The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for August 2025—the highest ever allocation to the three tiers of government and other statutory recipients. This marks...

FG Disburses ₦330bn Cash Transfer to 8.1m Households The Federal Government has announced that it has disbursed a total of N330bn to 8.1 million households across the country under the National Social Safety Net Programme, aimed at cushioning the harsh...

Court Restrains NUPENG, Truck Drivers from Disrupting Dangote Refinery Operations The National Industrial Court in Abuja has granted an interim injunction restraining the Nigeria Union of Petroleum and Natural Gas Workers and the Direct Trucking Company Drivers Association from embarking...

Naira Gains ₦1,484 Officially, Slips in Black Market on Sept 17 The naira extended its gains at the Nigerian Foreign Exchange Market (NAFEM) on Wednesday, September 17, appreciating by ₦13.33 against the dollar, while it recorded a marginal depreciation in...

NAMA, Airlines Grapple Over Proposed Tariff Hike The Director-General of the Nigerian Airspace Management Agency (NAMA), Farouk Umar, has reiterated the need to increase the current N11,000 fee charged per flight on airline operators, describing it as unsustainable given prevailing...

CBN Gives Successor Bank Chiefs Six-Month Deadline The Central Bank of Nigeria has issued a fresh directive compelling all Domestic Systemically Important Banks to obtain regulatory approval for the appointment of successor managing directors at least six months before the...