FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
Lagos traffic costs the economy N3.8 trillion yearly. As Yuletide approaches, experts push for tech-driven solutions like e-Call-Up systems and mass transit to salvage the situation. Read more.
Delta State House of Assembly passes a N1.73 trillion budget for 2026, raising the governor's proposal by N65.6 billion. Read details on the budget breakdown and legislative process.
Minister Bagudu says Nigeria can hit a $1 trillion economy by 2030, but only if its booming youth population is equipped with critical skills. He warns the opportunity is time-sensitive.
Rep. Ikenga Ugochinyere calls for the dismissal of Finance Minister Wale Edun and FIRS Chairman Zacch Adedeji over N4 trillion unpaid contracts, accusing them of sabotaging Tinubu's agenda. Contractors protest non-payment.
The Nigerian Exchange closed the first week of December positively, with investor wealth rising by nearly N1 trillion. The All-Share Index gained 1.08% as market sentiment remained strong. Discover the top gainers and most traded stocks.
Borno Governor Babagana Zulum reveals spending N100 billion on security in 2025, but contractors still refuse projects due to threats. Read his plan to bypass the crisis.
Governor Babagana Zulum discloses Borno State spent about N100 billion on security in 2025, stalling road projects and development. Read about the impact and plans.
The Federal Government has set a December 20 deadline to settle all outstanding payments owed to road contractors, following protests over N4 trillion in delayed project financing. Minister David Umahi announced the presidential directive.
Digital Realty CEO Ikechukwu Nnamani says Nigeria requires 72 edge data centres to power a $1 trillion economy by 2030. He highlights a severe infrastructure gap and lack of AI-ready facilities.
CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.
VP Shettima declares Tinubu's N3.5tn education budget signals renewed commitment to national development through knowledge and innovation at UNIMAID's 50th anniversary.
Nigeria's 36 states and FCT plan a subnational investment summit to attract foreign investors, critical for achieving the $1 trillion economy target by 2030. Read more.
Housing Minister Dangiwa reveals land titling as Nigeria's surest path to $1 trillion economy. Learn how the Land4Growth program will unlock $300bn in dead capital.
Nigerian equities extended losses as market capitalization fell by N292 billion. 38 stocks declined while only 14 gained. Read full analysis of market performance.
Nigeria requires N60 trillion to build mass houses and address its 20 million home deficit. Experts urge investment in local materials to cut costs by 50%. Read more.
The Nigerian stock market fell sharply last week, losing N1.5 trillion as panic selling over a proposed capital gains tax caused a major sell-off. Discover the key winners and losers and what's next for investors.
SERAP demands CBN Governor explain missing N3 trillion public funds documented in Auditor-General's 2022 report. Legal action threatened if no response within 7 days.
Human rights lawyer Femi Falana SAN urges Nigerians to sue the government for ransom refunds after N2.23 trillion paid to kidnappers. Learn your constitutional rights today.
Federal Government launches new portal for petty traders to apply for N100,000 grant. Batch C beneficiaries list released. Application process simplified for small business owners across Nigeria.
Budget Minister Atiku Bagudu announces strategic collaboration with Germany to accelerate Nigeria's ambitious journey toward a $1 trillion economy through targeted investments and economic reforms.
Nigeria's House of Representatives launches thorough investigation into President Tinubu's massive N1.15 trillion loan request amid growing economic concerns and national debt worries.
Nigerian lawmakers launch thorough investigation into President Tinubu's controversial ₦1.15 trillion loan proposal amid growing economic concerns and public scrutiny.
President Bola Tinubu has formally requested Senate approval for a ₦15.4 trillion loan facility to address critical infrastructure gaps and economic challenges. Get the full details on this major financial move.
Nvidia don break all records for global market as e become first company wey reach $5 trillion valuation. See how dis AI chip maker dey change the tech world.
Nvidia makes history as first company to hit $5 trillion market value, driven by AI revolution and massive demand for its chips. Nigerian tech community watches closely.
Minister of Industry, Trade and Investment Doris Anite announces Nigeria's ambitious $1 trillion economy target is more achievable than ever, citing recent economic reforms and investor confidence.
Nigeria's Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has expressed strong confidence that the country can achieve its ambitious $1 trillion economy target by 2030 through strategic reforms and economic diversification.
Shocking investigation reveals sophisticated extortion networks draining Nigeria's economy through ports and trade routes, with devastating impact on businesses and consumers.
Apple makes history as the first company to hit $4 trillion market value, joining Microsoft and Nvidia in the elite trillion-dollar club. Discover how this achievement is reshaping the tech landscape.