The Federation Account Allocation Committee (FAAC) has allocated a total of ₦1.681 trillion, representing the Federation Account Revenue for April 2025, to the Federal Government, States, and Local Government Councils.
Category: Business
A group of protesters on Tuesday stormed the office of the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN) to demand the prosecution of former Nigerian National Petroleum Company Limited Group Chief Executive Officer, Mele Kyari.
Nigerians across various social media platforms have started to assess their losses as a digital asset trading platform known as CBEX allegedly drained over N1.3 trillion from the accounts of its investors.
The GenCos expressed that the increasing financial liabilities are severely hindering their operational capabilities and pose a risk of a complete halt to electricity generation across the nation.
Dangote Refinery has declared a decrease in petrol prices to ₦865 per litre, a reduction of ₦15 from the previous rate of ₦880 per litre, effective Wednesday. This announcement was made via a notice released on Thursday morning.
Pascal Dozie, the founder of the now-defunct Diamond Bank Plc and a former chairman of MTN Nigeria, has passed away.
The Niger Delta Development Commission (NDDC) has allocated N10 billion to the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) to initiate its entrepreneurship development program.
President Tinubu has dismissed Mele Kyari from his position as the Group Chief Executive Officer of NNPCL and has appointed Engr. Bashir Bayo Ojulari as the new GCEO, with Ahmadu Musa Kida taking on the role of non-executive chairman.
The cost of imported premium motor spirit rose to N885 per litre on Wednesday, up from N797.
The Nigeria Civil Aviation Authority (NCAA) has granted approval for Max Air to recommence its domestic flight services following the successful completion of an economic and safety audit.