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FAAC Boosts Allocation to N1.681 Trillion in April Amid Rise in Oil, VAT Revenue
FAAC shared N1.681 trillion in April 2025 revenue among the Federal Government, 36 states, and 774 local government councils — a 6.5% increase...
Olaitan Sodiq
Nigeria’s Inflation Drops to 23.71% in April
Nigeria’s inflation rate declined to 23.71% in April 2025, from 24.23% in March, according to new data released by the National Bureau of...
Olaitan Sodiq
Nigerian Startups Shine on Financial Times’ Africa’s Fastest-Growing Companies List
Six Nigerian startups have been listed on the Financial Times’ 2024 ranking of Africa’s Fastest-Growing Companies. The startups, including Moniepoint, PalmPay, and Paga,...
Olaitan Sodiq
NNPC Slashes Petrol Price to N910 in Abuja Amid Market Competition
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of petrol to N910 per litre in Abuja, down from N935. The...
Olaitan Sodiq
DMO Floats N300bn Sukuk Bond to Bridge Road Infrastructure Gap, Eyes Revenue-Linked Projects
The Debt Management Office (DMO) has launched a N300 billion Sovereign Sukuk to fund road infrastructure and address Nigeria’s N18 trillion road deficit....
Olaitan Sodiq
CBN Targets $1bn Monthly Diaspora Remittances with Launch of Digital BVN Platform
The Central Bank of Nigeria (CBN), in partnership with NIBSS, has launched the Non-Resident Bank Verification Number (NRBVN) platform, enabling Nigerians in the...
Olaitan Sodiq
How Nigerians Burn ₦17.5tn on Generators in 5 Years Amid Failing Power Sector
Nigeria’s unstable electricity supply forces citizens and businesses to rely heavily on generators, spending an estimated ₦3.5 trillion annually, totaling ₦17.5 trillion in...
Olaitan Sodiq
Nigeria Fully Repays $3.4 Billion IMF COVID Loan
Nigeria has fully repaid the $3.4 billion COVID loan from the International Monetary Fund (IMF). This is according to Minister of Information and...
Olaitan Sodiq
