…in accessing federal allocations. He urged relevant federal agencies, including the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the Federation Account Allocation Committee (FAAC) and the Central Bank of Nigeria (CBN), to take note of the party’s position. The PDP spokesperson called on EBSIEC to susp…

…has said he will challenge in court the appointment of the Chairman of the Nigeria Revenue Service, Zacch Adedeji, to the All Progressives Congress Presidential Campaign Council for the 2027 election. The chieftain of the African Democratic Congress in Kogi State also criticised President Bola Tinubu’s decision to chai…

…it said. Alibaba on Thursday announced nearly 269 billion yuan ($40 billion) in revenue in its most recent quarter — a nine per cent year-on-year increase -– boosted by the global artificial intelligence frenzy driving demand for its products. The firm is known for its open-source “Qwen” AI models, which have gained po…

…the unthinkable. Hitherto, the emphasis had been on getting a bigger slice of the oil revenue… But, Governor Uduaghan has gone far ahead of the rest of us by asking us to start the process of investing in those areas that are more sustainable for our future growth and development. I could not agree more with Dr Uduagha…

…allocations swelling state coffers and ushering in an era of multi-billion-naira monthly revenues. Allocation reached a record N3.007tn in July 2026, making it the first time monthly Federation Account Allocation Committee distributions crossed the N3tn mark. The amount shared among the Federal Government, states and l…

The Revenue Mobilisation Allocation and Fiscal Commission listed the monthly pay breakdown for governors and deputy governors across NigeriaA Nigerian governor earns a monthly total of N648,560.62, made up of basic salary, hardship, and consistency allowancesRMAFC also listed several other allowances for governors but…

…Nigerians spent N16.5tn on self-generation in 2023, compared with about N1tn in grid revenue, while the World Bank estimated that unreliable electricity caused an annual economic loss of $25bn, equivalent to between five and seven per cent of the country’s Gross Domestic Product. The ministry said improved grid stabili…

Nigerian Breweries topped Nigeria's consumer goods revenue ranking in H1 2026, crossing a milestone no listed company in the sector had reached beforeBUA Foods ranked second by revenue but pulled ahead of every rival on profit, accounting for nearly half of the combined earnings of the top 10 firmsThree breweries featu…

…relationship between regulatory certainty, investment, projects, production, government revenue and sustainable employment. “Nigeria competes with other jurisdictions for finite global capital and cannot rely solely on the size of its hydrocarbon resources to attract investment. The country must offer competitive fisca…

…According to Alfindiki, while it is reasonable for Nigerians to question how government revenues are being managed, restoring subsidy without explaining its funding would not provide a lasting solution. “It is legitimate to question how government revenues are being managed, but it is equally important to acknowledge t…

…level in five years.CFEAD said the increase could have major implications for government revenue, economic stability, infrastructure financing and job creation.The organisation also pointed to NNPC Exploration and Production Limited’s record production of 365,000 barrels per day and an average 98 per cent recovery rate…

…Federal Government, TETFund, private-sector contributions and internally generated revenue. Dangote was among three prominent Nigerians honoured with honorary doctorate degrees at the convocation. The university also honoured Akin Kekere-Ekun, OFR, and Harriet-Ann Omobola (Bola) Adesola for their contributions to leade…

…to answer specific questions: what the annual cost of the programme would be, which revenue stream would fund it, whether the government would borrow to cover it, and how payments would be shielded from the corruption that plagued the old regime.The statement acknowledged that rising fuel and transport costs remain a g…

…increase confidence among residents, facilitate commerce and potentially generate more revenue for the Federal Government. Ibrahim said the exercise also provided an opportunity for personnel to train with different weapons, ranging from 9mm pistols to automatic grenade launchers, as they simulated scenarios encountere…

…for the six months ended 30 June 2026, reporting approximately N265 billion in revenue, while profit after tax grew 53 percent to N25.3 billion. The performance reflects the company’s continued focus on driving quality growth while improving operational efficiency and strengthening its financial position. A key highlig…

…including DStv, Takealot and South African Airways, as well as the South African Revenue Service (SARS), are reportedly being used to make fraudulent messages and websites appear legitimate.Cybercriminals hijack bank accounts by impersonating popular brands. ImagesAccording to cybersecurity company NordVPN, the campaig…

…community interference and production shutdowns. The losses negatively affected national revenue and kept oil production at low levels. However, the sector is turning the corner, with NUPRC reports showing that pipeline losses have continued to decline, helping oil production to rise to new levels. The gains have been…

…the solid minerals sector as a major source of economic growth, job creation and export revenue, while reducing Nigeria’s dependence on crude oil. By supporting projects at the high-risk early exploration and research stages, the Fund hopes to help developers generate the technical data and capacity required to make th…

…the hard work,” he said. He disclosed that N9.495tn in subsidy savings and incremental revenue had gone into incremental payment of salaries and allowances to civil servants, a figure he said exceeded the actual savings that accrued to the Federal Government from the subsidy removal. Oyedele explained, “So we don’t wan…

…increase to Nigeria’s current production and could significantly alter the country’s oil revenue outlook if the projects proceed as planned. Amadasu said the executive order would encourage international oil companies and other investors to move faster in taking Final Investment Decisions on the approved projects. He e…

…addressing the allegations surrounding his label, Dapper also clarified how the revenue figures being circulated online should be understood. He explained that catalogue revenue figures quoted online are gross figures and do not represent the amount ultimately payable to an artist. According to him, streaming platforms…

…speaks to the benefit that states can even achieve in terms of job creation, in terms of revenue,” Olatunji said. Also speaking, the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, warned that inadequate privacy protection could slow investment and Nigeria’s digital development. Tijani, who wa…

…item, explaining that the gains from the reforms manifested instead through increased revenue collections arising from changes in the exchange rate and the removal of subsidy-related distortions. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this at a media conference on Nig…

…devaluations have significantly impacted reported earnings and dollar-denominated revenue figures over the past year. Share buybacks are increasingly being leveraged by cross-listed telecommunication giants operating in emerging markets as a tool to support earnings per share, offset foreign exchange headwinds, and eff…

…in productive infrastructure capable of supporting economic growth and generating future revenue. Capital spending Based on the analyses of these budgets, the FCT raised its capital expenditure to 76.19 per cent in 2026 from 72.3 per cent last year. Its nominal budget rose from N1.81tn in 2025 to N2.29tn in 2026. Simil…