The 36 state governments appear to be resisting moves by the federal authorities to get the 774 local governments open accounts with the Central Bank of Nigeria (CBN). Federal government’s plan was to pay the monthly revenue allocation of the local governments into their CBN accounts following the recent ruling of the Supreme Court granting [&...
The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦1.678 trillion, representing the February 2025 Federation Account Revenue, to the Federal, State, and Local Governments. The revenue was distributed at the March 2025 FAAC meeting held in Abuja, which was chaired by the Minister of Finance and Coordinating Minister o...
•Naira notes A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the federal government, states, and local government councils. This is according to a statement today by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa. Mokwa said that [&...
•IPOB The Indigenous People of Biafra has kicked against the proposed creation of additional states, adding that the South-East is only interested in referendum to determine their exit from Nigeria and not additional states. In a press statement today, the spokesman for the pro-Biafran group, Emma Powerful, said the group is against the creati...
The Forum of Commissioners of Finance under the Federation Account Allocation Committee (FAAC) is demanding immediate action from the Nigerian National Petroleum Company Limited (NNPCL) on the remittance of about N200 billion to the federation account. The forum says the NNPCL has made only one incomplete remittance of less than N200 billion t...
•Chief Sunny Onuesoke A prominent member of the People’s Democratic Party (PDP) in Delta State, Chief Sunny Onuesoke, has expressed strong reservations about the ongoing push for state creation in Nigeria, arguing that it does not guarantee economic development. Speaking on the matter today in Warri, he stated, “As for me, I don’t want to [&he...
Organised Labour in four states and the Federal Capital Territory have expressed optimism that their state governments will begin the payment of the new minimum wage by January ending. This was after the Oyo State Government announced that it had begun the payment of N80,000 minimum wage to workers, reports Sunday PUNCH. While Imo, Sokoto, [&h...
The highly pathogenic Avian Influenza (bird flu) has spread to two more states in the country. The states are Plateau and Katsina. Recall that two weeks ago, the federal government alerted farmers and veterinary offices across the country of the outbreaks of the disease in Kano State, reports Daily Trust. The Plateau incident was recorded [&he...
•Naira notes A total sum of ₦1.424 trillion, being December 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The Director of Press and Public Relations, Office of ...
The Nigerian Electricity Regulatory Commission has completed the transfer of regulatory oversight to four states. NERC made this known on its X handle yesterday, listing the states as Enugu, Ekiti, Ondo, and Imo, According to the electricity market regulator, the states are now fully responsible for the regulation of their electricity markets....
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