Category : Search result: Federation Account revenue loss


Nigeria's Fuel Exports Jump 44%, Hits $3.42bn Surplus

Nigeria's current account surplus reached $3.42bn in Q3 2025, driven by a 44% surge in refined fuel exports. This marks a pivotal shift as domestic refining capacity grows, reducing import dependency. Discover the details and what it means for the economy

Veekee James Weeps Over Loss of Newborn Puppy

Fashion designer Veekee James started 2026 in tears after her dog Ava's tragic birth. One puppy died, another lost a limb. Her public grief sparked mixed reactions online. Read the full story.

NNPC remits N12.1trn, reports N502bn profit in 2025

NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.

Chioma Shares Adorable 2025 Recap Video with Davido

Davido's wife, Chioma Adeleke, shared a heartwarming video recap of her 2025, featuring wedding moments, weight loss journey, and playful clips with her husband. Fans gush over the couple's love.

Tax Chief: No Auto-Debit from Accounts in New Law

Taiwo Oyedele assures Nigerians the new tax reforms will not lead to automatic bank debits. The system is based on self-declaration, targeting high-income individuals. Read details.

Wike: Governors Blindfolded by Subsidy Cash

FCT Minister Nyesom Wike criticizes state governors for financial mismanagement post-subsidy removal. He reveals his own fiscal record and warns against money-driven politics. Read his full analysis.

NNPC Debt Waiver: Only Penalties Forgiven

Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.

FIRS Transforms to Nigeria Revenue Service in 2026

Nigeria's FIRS transitions to the Nigeria Revenue Service in January 2026, driven by four new laws. The reform promises streamlined tax processes, stronger oversight, and integrated revenue collection for better public finance management.

Nigeria's Q3 Current Account Surplus Falls 41%

Nigeria's current account surplus dropped sharply to $3.42bn in Q3 2025, a 41% decline. Explore the CBN data on oil exports, remittances, and rising external obligations shaping the nation's balance of payments.

Gmail Users Can Now Change Their Email Address

Google has introduced a long-awaited feature allowing users to change their @gmail.com address while keeping all data. The global rollout appears to have started in India.

Trader Recounts Balogun Market Fire Start at 4 PM

A trader shares her eyewitness account of the Balogun Market fire, revealing it began with smoke around 4 PM. She criticizes the initial response and explains how her mother's warning saved her goods.

Nigerian Lady Seeks Help for Blind Twin Sister

A Nigerian chef appeals for help as her twin sister loses her sight. Fearing depression, she shares a heartfelt video online, sparking an outpouring of support and medical advice from netizens.

Woman Gives Birth 11 Days After Husband's Death

A Nigerian woman shares her heartbreaking story of losing her husband while heavily pregnant and giving birth just 11 days later. Read her emotional tribute and the supportive reactions from netizens.

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