N2.94 Trillion Shared by FG, States, LGs in October
FAAC disbursed N2.94 trillion to federal, state, and local governments in October 2025, marking a slight decrease from September. Discover the full revenue breakdown and its implications.
Category : Search result: federal revenue sharing
NEM Insurance Assets Reach N165.46bn in Q3 2025
NEM Insurance Plc strengthens market leadership with N165.46bn assets in Q3 2025. Insurance revenue surges 55% to N107.44bn. Discover how they achieved this remarkable growth.
FIRS Offers Partnership Opportunities to Universities
FIRS Chairman Dr Zacch Adedeji proposes collaboration with Nigerian universities to drive innovation and economic resilience. Discover how academia can bridge the tax gap.
Reps Probe Billions Lost in Oil, Agriculture, Properties
The House of Representatives launches a major investigation into massive revenue leakages in Nigeria's oil sector, Anchor Borrowers' Programme, and over 11,000 abandoned federal properties valued at N20 trillion.
Reps Panel Vows to End Oil Revenue Leakages
House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.
Ex-Commissioner Questions Abia's N30bn Monthly Revenue
Former Abia finance commissioner Obinna Oriaku demands transparency from Governor Alex Otti over N30bn monthly allocations. Read the full financial controversy.
Ebonyi ranks lowest in 2025 FAAC payouts
Ebonyi State received the lowest FAAC allocation of ₦112.19B between January-August 2025, highlighting Nigeria's revenue imbalance. Discover the states that got the most and least.
ASUU rejects FG's claim on education funding shortage
ASUU's Bauchi zone refutes Federal Government's paucity of funds claim, revealing 70% revenue increase. Union demands urgent action to avert university crises. Read full details.
FIRS Boss Urges Revenue Diversification for Nigeria
FIRS Chairman Dr. Zacch Adedeji declares revenue diversification a national imperative, calling for broad-based, tech-enabled tax system. Read his vision for economic resilience.
Senate Screens 38 FCC Nominees for Fairness
Nigerian Senate screens 38 FCC nominees, vows to uphold federal character principles for equitable resource distribution. Report expected soon for final confirmation.
Senate Orders NNPCL to Refund N210 Trillion
Nigerian Senate demands NNPCL refund N210 trillion in unaccounted funds after CEO snubs hearing. Auditor-General's report reveals massive financial discrepancies from 2017-2023 operations.
Nollywood's Money Secrets: How Films Really Profit
Discover the surprising business models and revenue streams that power Africa's largest film industry beyond just cinema tickets and streaming deals.
Nigeria Lost $300B to Oil Theft - Senate Probe
Shocking Senate probe exposes how Nigeria lost over $300 billion in crude oil revenues from Niger Delta region due to massive theft and pipeline vandalism over 10 years, threatening national economy.
FG Appoints Nwabueze as Nigeria's Tax Ombudsman
Federal Government appoints Dr. Nwabueze as Tax Ombudsman to resolve taxpayer grievances and improve tax administration in Nigeria.
Transcorp Records 39% Revenue Growth in Nine Months
Transnational Corporation of Nigeria (Transcorp) has announced impressive financial results, recording a massive 39% revenue growth to N123 billion in the first nine months of 2023, signaling strong recovery and strategic success.
Tinubu appoints new FIRS chairman for tax reform
President Bola Tinubu appoints Dr. Oluwatoyin Madein as new FIRS chairman in major tax administration overhaul to boost revenue generation.
Spotify Hits 713M Users, Revenue Reaches €4.3B
Music streaming giant Spotify continues its impressive growth streak, adding 10 million premium subscribers and reaching new revenue milestones despite market challenges.
Apapa Customs Hits ₦304bn Revenue Record in October
Nigeria Customs Service, Apapa Command achieves historic revenue milestone, collecting over ₦304 billion in October 2023 - the highest monthly collection in its history.
Tinubu Appoints Five New Permanent Secretaries
In a strategic move to strengthen governance, President Bola Tinubu has appointed five new Permanent Secretaries to fill critical vacancies across key federal ministries in Nigeria.
Nigeria's Cheapest Federal Universities - 2024 Guide
Discover Nigeria's cheapest federal universities where quality education meets affordability. Get the complete list of tuition fees and admission requirements for 2024.
FG Releases Shortlisted Applicants for Immigration, Fire Service
The Federal Government has officially released the list of successful applicants for various security and paramilitary agencies including Immigration, Fire Service, and more. Thousands of Nigerian job seekers can now check their application status.
Petrol May Hit ₦1,163/Litre in New FG Plan
Nigerians brace for tougher times as the Federal Government's new petrol tariff could push pump prices to unprecedented levels while aiming to generate massive revenue.
US Government Shutdown: 30 Days, Food Aid Crisis Looms
As the U.S. government shutdown reaches one month, critical food assistance programs face suspension, threatening millions of vulnerable Americans with hunger and financial instability.
15% Tariff Hike: Why Nigerians Are Furious
The Federal Government's controversial 15% tariff increase faces massive backlash from economists and citizens who argue it will cripple businesses and deepen poverty across Nigeria.
Adeleke: Too Popular to Fear Federal Might in Osun Poll
PDP gubernatorial candidate Ademola Adeleke asserts his massive grassroots support makes him unbeatable in Osun election, dismissing fears of federal interference.
Fire Service Saves Billions from Jabi Lake Mall Blaze
Federal Fire Service heroes prevent catastrophic losses as they battle fierce blaze at Abuja's Jabi Lake Mall, saving merchandise worth billions of naira in dramatic overnight operation.
FG Speaks on Missing ₦1.2B FIFA Funds for Kebbi Project
Nigerian government breaks silence over missing ₦1.2 billion FIFA funds meant for Kebbi State football development project. Exclusive details inside.
FG Sets Financial Conditions for Ibadan Disco Licence
The Federal Government imposes strict financial requirements on Eko Electricity Distribution Company for Ibadan Disco licence renewal, demanding improved performance and financial stability.
US Economy Goes Dark as Government Shutdown Blocks Data
America's economic pulse becomes impossible to monitor as federal agencies halt data releases during government shutdown, leaving investors and policymakers flying blind.
Nigerian Woman's Scary Midnight Uber Incident in UK
A Nigerian woman's frightening encounter with an Uber driver in the UK sparks important conversations about ride-sharing safety and passenger rights during late-night trips.
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