FAAC Shares N1.411tr to FG, States, LGAs for October The Federation Account Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government for October 2024. This was disclosed during the committee’s November meeting held in Bauchi, chaired by the Accountant General of the...

Kano Civil Society Forum Suspends Ibrahim Waiya Over Misconducts The Kano Civil Society Forum (KCSF) has suspended  Malam Ibrahim Waiya and his organization, the Citizens for Development and Education (CDE), from its membership and activities for a period of one year, effective November 20, 2024. The...

NERC Directs DisCos to Provide Free Replacement for Old Meters The Nigerian Electricity Regulatory Commission (NERC) has directed distribution companies (DisCos) to replace obsolete meters for their customers at no cost. This mandate was outlined in a statement released by the regulatory body’s management on Monday. The...

Apartments Under 'Renewed Hope Estates Programme' Cost about N9 million – FG The Federal Minister of Housing and Urban Development, Musa Dangiwa, has revealed that government-funded one-bedroom apartments under the Renewed Hope Estates Programme cost N8 million to N9 million. However, those developed through Public-Private Partnerships...

Inflation Rate Rises to 33.88% in October Nigeria’s headline inflation rate increased to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage point month-on-month increase. This was contained in the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report released...

FEC Approves $2.2bn External Borrowing Plan The Federal Executive Council on Thursday approved a $2.2bn external borrowing plan. This is part of the Federal Government’s external borrowing programme for the 2024 Appropriation Act, the Finance Minister, Mr Wale Edun, told State House Correspondents after the Federal...