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Nigeria Nears New Revenue-Sharing Formula After Review

24.04.2026
The Revenue Mobilisation Allocation and Fiscal Commission has said the ongoing review of Nigeria’s revenue allocation formula has reached an advanced stage, as the agency begins a nationwide data verification exercise to update the indices used in sharing revenue across the federation. The disclosure was contained in a press statement by the Head of Information...
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Afriland Properties reports an 8% rise in revenue

24.04.2026
Afriland Properties Plc has reported a resilient financial performance for the year ended 31 December 2025, recording growth in revenue, a significant expansion in total assets, and sustained returns to shareholders. The company disclosed its audited results at its 13th Annual General Meeting held in Lagos on Wednesday. According to the company, its revenue rose...
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FG Pays N396.7m in Farmers Insurance Claims in Nigeria

24.04.2026
In a move aimed at shielding Nigeria’s fragile food system from climate shocks, the Federal Government, through the Presidential Food Systems Coordinating Unit, has partnered with Leadway Assurance and PULA Advisors to disburse N396.7m in insurance claims to smallholder farmers across four states. The pay-out, unveiled at the 2025 Wet Season Insurance Pay-out Ceremony under...
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NUPRC Appeals Ruling to Protect Nigerian Oil Investments

24.04.2026
The Nigerian Upstream Petroleum Regulatory Commission has formally approached the appellate court to challenge the recent Federal High Court ruling on the Dawes Island marginal field, in a move that underscores the Federal Government’s determination to protect investments and maintain stability in the oil and gas sector. The commission’s decision to file an application for...
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Atiku, Economists Question Tinubu’s $516m Highway Loan

24.04.2026
Former Vice President Atiku Abubakar and economists have raised concerns over President Bola Tinubu’s request for Senate approval of a fresh $516m external loan to fund sections of the Sokoto–Badagry Super Highway. The President had written to the Senate seeking approval for a $516,333,070 external loan to finance parts of the 1,000-kilometre highway project, a...
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FG borrows N2.69tn from domestic bond market in Q1 2026

24.04.2026
The Federal Government borrowed N2.69tn from the domestic bond market in the first quarter of 2026, as strong investor demand continued to drive subscriptions above offer levels despite tighter allotments, an analysis of Debt Management Office auction results has shown. Data from the DMO for January, February, and March 2026 indicated that the total was...
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Troops kill 24 after Boko Haram attacks in Yobe & Borno

24.04.2026
Troops of Operation Hadin Kai have neutralised 24 terrorists during a midnight attack after insurgents attempted to overrun a military location in Kukareta, Yobe State. The attack, which lasted about three hours in the early hours of Thursday, was repelled following a fierce exchange of fire. The development as suspected Boko Haram terrorists, killed 19...
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Discos Install 130k Meters via Meter Acquisition Fund

24.04.2026
Not less than 130,209 meters were installed by electricity distribution companies under the Meter Acquisition Fund framework, even as the Federal Government invested N49bn in the MAF between 2024 and 2025. Reports and documents from the Nigerian Electricity Regulatory Commission showed that the Federal Government made efforts to address the persistent challenge of distribution companies...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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