ABUJA — The Federation Account Allocation Committee (FAAC) has disclosed that the Federal Government, 36 states, and 774 local government councils shared a total sum of ₦1.681 trillion as distributable revenue for April 2025. This allocation was drawn from a gross total of ₦2.848 trillion generated during the month. The announcement was made after the
ABUJA — In a strategic move to strengthen Nigeria’s digital infrastructure and enhance internet connectivity, the Nigerian Communications Commission (NCC) earlier this week hosted the Board of the Internet Exchange Point of Nigeria (IXPN) at its headquarters in Abuja. The high-level engagement focused on advancing key initiatives to position Nigeria’s digital economy for global competitiveness,
Partners NYSC to accelerate livestock sector growth In a bid to empower the youths and unlock the economic potential in the livestock sector, Kwara State Government is set to launch a youth-focused livestock entrepreneurship programme, designed to train, equip and fund aspiring agripreneurs across the state. The state Commissioner for Livestock Development, Mrs Oloruntoyosi Thomas
Lagos State has successfully attracted investments exceeding one trillion naira in the past year, according to the state’s Commissioner for Commerce, Industry, and Cooperatives, Mrs. Lola Akande. This landmark achievement highlights the state’s significant role as an economic powerhouse in Nigeria and across West Africa. Mrs. Akande disclosed that the investments span multiple sectors, including
In a renewed push to deepen its agro-industrial base and gain a firmer foothold in regional and continental markets, the Oyo State Government on Wednesday unveiled a range of export-ready, value-added food products. The launch event, which held at the Ministry of Trade, Industry, Investment and Cooperatives’ Conference Room at the Secretariat in Agodi, Ibadan,
The ancient town of Ijebu-Ode came alive as over 300 entrepreneurs, scholars, and industry professionals converged for the 2025 edition of the Ijebu Muslim Business Summit (IMBS), a platform designed to harmonize commerce with Islamic ethics in pursuit of sustainable economic growth. Held under the compelling theme, “Sustaining Growth with Islamic Principles,” the summit attracted
In a major move to bolster Nigeria’s climate resilience and environmental sustainability, the Federal Government of Nigeria (FGN) has unveiled a Climate Investment Platform aimed at unlocking over $500 million in green finance to support eco-friendly projects across the country. The initiative, which was launched in Abuja, is a strategic component of Nigeria’s commitment to
In a significant boost to Ogun State’s industrialization drive, the Mamuda Group Nigeria Limited has announced a $50 million investment into the state through its subsidiary, Mamuda Beverages. The investment, which signals growing investor confidence in the state’s business climate, is set to kick off next month with a formal groundbreaking ceremony. The project, which
Abuja — In a bold step to revitalise Nigeria’s struggling power sector, the Federal Government has announced plans to overhaul the operations of electricity Distribution Companies (DisCos) across the country. This reform is aimed at improving service delivery, closing leakages, and ensuring greater accountability in the power value chain. The announcement was made by the
The long-anticipated disbursement of the Cabotage Vessel Financing Fund (CVFF) appears imminent, as the Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that beneficiaries of the fund will enjoy a single-digit interest rate, coupled with flexible loan conditions aimed at boosting the growth of indigenous shipping operators. Speaking during a stakeholder engagement forum held
