FG, States, LGs Share N2.001trn for July, Says FAAC   The Federation Account Allocation Committee (FAAC) has shared a total of N2.001 trillion among the three tiers of government as federation allocation for July 2025. The allocation was announced at FAAC’s August 2025 meeting, which was chaired...

‎The Federal Account Allocation Committee (FAAC) disbursed over ₦6 trillion to Nigeria’s 36 states and 774 local governments between January and June 2025, according to newly released figures. The allocations reflect significant regional disparities, with oil-producing South-South states and Lagos topping the charts.

Nigeria’s Reliance on Fuel Import Rises 69% in June - Report  The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) recent report has revealed that over sixty-nine percent of total petrol consumed in Nigeria in the month of June, 2025 was imported. According to the NMDPRA...

For northern governors, this is not just a policy change — it is an economic summons. The North has the land, labour, and enterprise to thrive, but for too long has been trapped in a narrative of scarcity. That excuse no longer holds.

Oil Tax Revenue Rises 41.7% to N3.69tn Improved crude oil production and better compliance from oil companies have pushed Nigeria’s oil tax revenue to N3.69tn in the first half of 2025. This represents a 41.7 per cent increase over the N2.604tn collected in the same period...

Data from the downstream regulator of the oil sector has revealed that marketers have resumed large-scale importation of refined petroleum products, choosing not to patronise local refineries.