Federation Account Gets N7.3tn in Six Months – RMAFC The Revenue Mobilization Allocation and Fiscal Commission has disclosed that a total sum of N7.3tn accrued into the Federation Account between July and December 2023, indicating an increased revenue inflow. It said the amount shared by the...

Electricity Tariff Hike Reversal Requires N3.2trn – NERC The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, the Chairman of the Nigeria Electricity Regulatory Commission, NERC, Sanusi Garba said...

Rising Inflation Sends 10m Nigerians into Poverty – World Bank The World Bank in its Macro Poverty Outlook for Nigeria: April 2024 has stated that rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023. Presenting a grim reality where earnings have...

Nigeria Issues N8trn in Treasury Bills to Stabilise Economy – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, on Thursday said the fiscal authority is complementing the efforts of the Central Bank towards ensuring the stability of the economy through...

NDLEA Destroys 304,436kg, 40,042ltrs of Illegal Drugs in Lagos The National Drug Law Enforcement Agency, NDLEA, on Tuesday destroyed a total of 304,436kg kilograms and 40,042 litres of illicit substances seized from parts of Lagos and Ogun states. Speaking at a brief ceremony where the seized...

NDLEA Arrests 50,901 Suspects, Secures 9,034 Convictions, Seizes 7,561tn Substances in 38 Months Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, NDLEA, Brig Gen Mohamed Buba Marwa (Retd) has said that the arrest of 50,901 drug offenders including 46 barons and the successful...