Nigeria's Three Tiers Share N10.45tn FAAC in Five Months
Nigeria's three tiers of government shared N10.45 trillion from FAAC between January and May 2026, reflecting a 4.32% revenue rise from N13.19 trillion in 2025.
Category : Agriculture
Lagos tasks transport unions as waste police amid crisis
Lagos has inaugurated a Special Task Force empowering NURTW and RTEAN members to enforce sanitation at bus stops and garages, despite officials criticizing unions for dirty garages.
Guinea Bans Export of Raw Gold to Boost Local Processing
Guinea has banned the export of raw gold, requiring all gold to be processed domestically to strengthen the economy and create jobs. A new refinery in Conakry is nearing completion.
FG urges cement manufacturers to reduce prices nationwide
The Federal Government has called on cement manufacturers to lower prices, citing impact on infrastructure projects and contract review demands. Minister Umahi announced a meeting on July 1, 2026.
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Dangote Refinery Faces 62% Crude Oil Shortfall Amid Supply Issues
Dangote Refinery receives only 5 of 13 needed crude cargoes monthly, operating at one-third capacity. A report blames structural governance issues, not crude scarcity.
Nigeria petrol consumption 46.3m litres daily May 2026
Nigeria's daily petrol consumption averaged 46.3 million litres in May 2026, with domestic refineries supplying 44.7 million litres per day, according to NMDPRA.
Indonesia Draft Regulation to Embed AI in Free Meals Programme
Indonesia unveils draft regulation to embed AI in its $15 billion free meals programme, aiming to boost GDP by 12% by 2030, but experts warn of infrastructure gaps.
Modular Refineries Supply 648,000 Litres Diesel Daily
Three modular refineries in Nigeria supply 648,000 litres of diesel daily, competing with Dangote Refinery. Edo Refinery leads efficiency at 91.66% capacity.
Imported Petrol Cost Crashes Below Dangote Refinery Price
The landing cost of imported petrol in Nigeria has dropped to N1,041.52 per litre, N133.48 cheaper than Dangote Refinery's ex-gantry price, driven by falling global crude oil prices.
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Nigerian Businesses Face Dual Tax Deadlines Amid New E-Invoicing Rules
Thousands of Nigerian companies race to meet overlapping CIT and e-invoicing deadlines by June 30, risking errors and penalties without early preparation.
Petrol Prices Drop in Lagos and Ogun After Dangote Refinery Cut
Petrol pump prices have dropped in Lagos and Ogun after Dangote Refinery cut its gantry price by N75 per litre. Filling stations now sell between N1,199 and N1,245 per litre, but IPMAN says old stock delays full price adjustment.
Cross River communities of 500,000 cry out for power restoration
Over 500,000 residents of Yache communities in Cross River State appeal to the South-South Development Commission to restore electricity, citing years of infrastructure neglect.
Japan Hikes Visa Fees for Nigerians 400%: First Since 1978
Japan raises single-entry visa fees for Nigerians and other foreigners from ¥3,000 to ¥15,000, a 400% increase effective July 1, 2026, citing inflation and rising administrative costs.
Financing Gaps Threaten Africa Universal Energy Access Report
A new report warns that fragmented delivery systems and high capital costs could slow Africa's universal energy access, requiring $15 billion annually by 2035.
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PIND strengthens peacebuilding in Niger Delta host communities
PIND conducted capacity-building workshops for HCDT Peacebuilding Committees in Delta State, focusing on conflict management, dialogue facilitation, and resilience localization to strengthen community peace systems.
100,800 fertiliser bags for farmers in 5 states
The National Agricultural Development Fund has begun distributing 100,800 bags of fertiliser to 25,200 smallholder farmers across Kaduna, Kano, Katsina, Kebbi and Jigawa states.
Cement Price Hits N13,000, Deepens Housing Crisis in Nigeria
Cement prices in Nigeria have surged to N13,000 per bag, up from N5,000 in December 2023, worsening the housing crisis and raising costs for blocks and concrete.
NIMASA, ITC-ILO Seal Deal to Boost Maritime Human Capacity
NIMASA and ITC-ILO signed an MoU in Turin, Italy, to enhance human capacity development in Nigeria's maritime sector through training and technical assistance.
NADF distributes 100,800 fertiliser bags to farmers
The National Agricultural Development Fund has started distributing 100,800 bags of fertiliser to 25,200 smallholder farmers across Kaduna, Kano, Katsina, Kebbi and Jigawa states to boost food production.
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Bauchi-UNICEF Partnership Saves Children from Malnutrition
Bauchi State's partnership with UNICEF has procured N600m in nutrition supplements, saving thousands of children from severe acute malnutrition amid economic hardship.
NASENI, REA Seal Deal to Boost Local Renewable Energy
NASENI and REA signed an MoU to boost local renewable energy production, reduce imports, and expand off-grid electricity access under Nigeria First Policy.
Nigeria's Creator Economy Explodes: 250,000 Content Creators
Nigeria's creator economy now includes over 250,000 active content creators, with brands shifting marketing budgets to performance-led influencer partnerships, driving substantial incomes.
New Trade Infrastructure Boosts Enugu's Investment Ambitions
The commissioning of the ECCIMA Premium Exhibition Hall in Enugu enhances the state's appeal to investors, with private sector support driving year-round business events.
FUD Professor Gets N25m TETFund Grant for Anti-Banditry Research
Professor Ado Garba Jangargari of Federal University Dutse wins a N25 million TETFund grant for research on tech-driven non-agricultural livelihoods to counter banditry and kidnapping in Northern Nigeria.
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FG launches free digital TV platform, projects economic gains
The Federal Government launched a free digital TV platform to expand broadcasting access and boost Nigeria's creative and digital economy, with job creation and revenue growth expected.
LASTMA rescues 353 accident victims in five months
LASTMA rescued 353 accident victims from January to May 2026. General Manager Olalekan Bakare-Oki warns motorists to exercise caution during rainy season due to poor visibility and slippery roads.
PETROAN Demands Lower Fuel Prices From Dangote Refiners
PETROAN calls on Dangote Refinery and importers to reduce petrol prices as global crude oil falls to $77-$78 per barrel, urging consumer relief.
Diesel Price War Deepens as Depots Undercut Dangote
Nigeria's diesel market sees aggressive price competition as prices drop below ₦1,500 per litre, with independent suppliers undercutting Dangote Refinery.
Nigeria to host largest solar steel plant in sub-Saharan Africa
Nigeria will host sub-Saharan Africa's largest solar-powered steel plant, as African Industries Group receives 500 hectares in Niger State and FG pledges power reforms.
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Kaduna committed to business reforms, says Governor Sani
Governor Uba Sani reaffirms Kaduna State's commitment to business reforms, aligning with President Tinubu's agenda, as the state ranks second best in ease of doing business.
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