The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.094 trillion as revenue for the month of October to the Federal Government, states and Local Government Councils (LGCs). The allocation was announced at the FAAC meeting for November held on Wednesday in Abuja, according to a communiqué issued by the Office of…
The National Pension Commission (PenCom) has urged state governments to fully implement the Contributory Pension Scheme (CPS), stressing that the success of pension reforms depends on adoption at the sub-national level. Ms. Omolola Oloworaran, Director-General of PenCom, made the call on Wednesday in Benin during the Second Run of the 2025 Consultative Forum for States…
The InnoPower Africa Foundation has partnered with the ECOWAS Small Business Coalition (ESBC) to launch a Capacity Building and Training (CB&T) programme for Micro, Small, and Medium Enterprises (MSMEs) across West Africa. Founder of InnoPower Africa, Mr. Remy Chukwunyere, said the initiative aims to accelerate digital transformation and enhance the competitiveness of MSMEs in all…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the Monetary Policy Department (MPD) for its significant contributions to the bank’s achievements over the years. Cardoso spoke on Tuesday in Abuja during the MPD’s 20th Anniversary Colloquium, themed “Monetary Policy in Nigeria: Past, Present and Future”. He was represented by…
Vice-President Kashim Shettima has called on automotive manufacturers in Nigeria to increase production capacity for Compressed Natural Gas (CNG)-powered and electric vehicles in order to meet rising national demand. Shettima, represented by the Minister of Innovation, Science and Technology, Dr Kingsley Udeh, made the appeal on Tuesday in Abuja while declaring open the 25th Abuja…
TotalEnergies has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for ensuring a transparent 2024 mini-bid round and has expressed interest in the forthcoming 2025 Licensing Round slated to commence on December 1. The commendation came during a courtesy visit to the Commission Chief Executive, Mr. Gbenga Komolafe, by a high-level delegation from TotalEnergies led…
Nigeria’s Federal Inland Revenue Service (FIRS) has named Dangote Cement Plc as the country’s most tax-compliant company for 2025, recognising the firm’s robust adherence to regulatory standards and its substantial contribution to national revenue. The award was announced at the 2025 Lagos International Trade Fair and confirmed on Monday by Mojisola Ogunlade, the company’s Group…
Nigeria’s headline inflation rate fell to 16.05 per cent in October 2025, the National Bureau of Statistics (NBS) reported on Monday, marking a continued decline from September’s 18.02 per cent. Year-on-year, inflation dropped sharply from 33.88 per cent in October 2024. Monthly data indicated a 0.93 per cent increase in consumer prices in October, up…
The Petroleum Technology Association of Nigeria (PETAN) has called on African governments to deepen collaboration with the private sector to strengthen the continent’s oil and gas value chain. PETAN Chairman, Mr. Wole Ogunsanya, made the call at the 4th Conference and Exhibition on Local Content in the African Oil and Gas Industry (CECLA), organised by…
Gov Uba Sani of Kaduna State says the Northern region has the human resources needed to address its development challenges—if its elites work together with unity of purpose. Sani said this on Sunday when the leadership of the Arewa Consultative Forum (ACF), led by its Board of Trustees Chairman, Alhaji Bashir Dalhatu, Wazirin Dutse, paid…
