•Naira notes The Federation Account Allocation Committee (FAAC) today shared a record N2.001 trillion from the July 2025 Federation Account Revenue to the three tiers of government, making it the highest monthly allocation so far this year. The allocation was confirmed at the August 2025 FAAC meeting held in Abuja, where officials disclosed th...
•Naira notes The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) announced the commencement of the process for review of the Revenue Allocation Formula (RAF) between the federal, states, and local governments. The Chairman of the RMAFC, Mohammed Shehu, who announced this at a news conference in Abuja, noted that t...
•US President Joe Biden US President Joe Biden today commuted the death sentences of 37 of 40 federal inmates, taking action ahead of the return of Donald Trump who oversaw a sweeping number of lethal injections during his first term. With less than a month left in office, Biden had faced growing calls from death […]
•Federal Secretariat, Abuja Some federal civil servants at the weekend were gripped with fear over the security of their jobs following claims that the government has started weeding out those who obtained their degree certificates from unrecognised universities in Benin Republic and Togo. The situation was heightened by a post on the verified...
•Naira notes The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced that the FederaÂtion Accounts Allocation ComÂmittee (FAAC) disbursed N3.473 trillion to the three tiers of govÂernment in the second quarter of 2024. This reflects an increase of N46.77 billion (1.42%) compared to the first quarter of 2024. In a statem...
•Nnamdi Kanu (middle) and his lawyers 180 members of the House of Representatives Minority Caucus have unanimously called for the release of Nnamdi Kanu from custody. The motion which was moved by Rep Obi Aguocha, representing Ikwuano, Umuahia North, and Umuahia South Federal Constituency, appeal to the minority caucus of the 10th House of Rep...
The federal government through the Office of the Accountant General of the Federation has mandated all FG-owned Ministries, Departments, and Agencies to remit five percent retention fees deducted from contractors’ payments at the Central Bank of Nigeria. A memo signed by the Accountant General of the Federation, OluwaToyin Madein, tagged OAGF/...
•FEC meeting The Federal Executive Council (FEC) has stepped down consideration and deliberation on the memo on the new minimum wage to allow President Bola Tinubu engage in more consultation with stakeholders. Minister of Information and National Orientation, Mohammed Idris, disclosed this today while briefing State House correspondents on th...
•FEC meeting in Abuja Barring any last-minute change of plan, the Federal Executive Council (FEC) is expected to meet today to deliberate on salient matters aimed at tackling some of the problems bedevilling the country. It was gathered that the meeting is expected to consider some serious matters of state including the vexed issue of [&hellip...
•The protesters today Some residents in Rivers State have staged a protest, demanding accountability in the award and execution of federal projects in the 27 political wards of the constituency. Our correspondent on ground during the protest, said the protesters from Ikwerre/Emohua Federal Constituency, asked that the leadership of the Nationa...
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