FAAC: FG, States, LGs Share N1.659tn Revenue for May The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion among the three tiers of government for May 2025. This was disclosed in a communiqué issued on Wednesday after the June meeting chaired by...

FG Advocates Adequate Data for Economic, Human Capital Development The minister of Finance and Coordinating minister of economy, Wale Edun has admitted Nigeria’s data inefficiencies, adding that government requires adequate data to plan for economic and human capital development. Edun stated this in Abuja on Tuesday...

Customs Clarifies Decision to Suspend 4% FOB Charge The Nigeria Customs Service says it suspended the implementation of four per cent Free-on-Board value on imports to review revenue framework and optimise its operations. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed...

Inflation, Others Push 50% Telecom Tariff Hike, Reviews Ongoing - Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that tariffs in the telecommunications sector will undergo periodic reviews to address rising operational challenges. Speaking on Arise TV during the...

HURIWA Demands Accountability for $20 Billion Savings, Opposes Fresh Borrowing Amid Escalating Debt The Human Rights Writers Association of Nigeria (HURIWA) has expressed deep concern over the conflicting financial claims and borrowing policies of the Federal Government, questioning the management of Nigeria's economy under President...

FG Pledges to Settle Pension Arrears, Releases 25% of N88bn budgeted - Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Federal Government has released about 25 per cent of the total amount budgeted for pension arrears this year. He...