Economy
FG, States, LGCs Share ₦2.550 Trillion June 2026 Revenue
The Federation Account Allocation Committee (FAAC), on Wednesday, shared a total of ₦2.550 trillionamong the federal government, the 36 states, and the 774 local government councils as revenue allocation for June 2026. A statement signed by the Director of Press in the Office of the Accountant General of the Federation,…
Read More »FG clears ₦39.6bn pension arrears under renewed hope agenda
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has received the Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Mrs. Tolulope Odunaiya, for a briefing on the successful settlement of more than ₦39.6 billion in longstanding pension liabilities under the Defined Benefit Scheme (DBS).…
Read More »Oyetola Seeks Stronger State, Private Sector Partnership to Unlock Blue Economy Potential
The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has called for stronger collaboration between the Federal Government, state governments, the private sector and development partners to accelerate the implementation of Nigeria’s National Policy on Marine and Blue Economy, describing sub-national participation as critical to unlocking the sector’s vast…
Read More »NSIA Opens Applications for Fourth Innovation Prize, Offers $275,000 in Grants
The Nigeria Sovereign Investment Authority (NSIA) has commenced applications for the fourth edition of its flagship NSIA Prize for Innovation (NPI 4.0), unveiling a combined prize pool of $275,000 to support high-potential Nigerian startups driving innovation and economic development. The programme, themed “Building for Impact,” is a fully funded entrepreneurship…
Read More »FAAC Disburses N2.257tn April 2026 Revenue to FG, States, and LG Councils
The Federation Account Allocation Committee (FAAC) has shared a total of N2.257 trillion in Federation Account revenue generated in April 2026 among the Federal Government, state governments, and local government councils. The allocation, approved at the committee’s meeting in Abuja, comprised N1.260 trillion from statutory revenue, N747.088 billion from Value…
Read More »Early Orders, Cheaper Fertiliser: How The Federal Government Shielded Nigerian Farmers From A Global Crisis
While several countries across Africa grapple with fertiliser shortages and rising input costs triggered by fresh global disruptions, the Federal Government has secured Nigeria’s fertiliser supply for the 2026 wet season. Early procurement decisions by the FG have also saved the country over $42 million ahead of peak planting. The…
Read More »Nigeria’s eurobond yields fall below issue rates amid strong demand
Nigeria’s Eurobonds recorded relatively strong market performance at the close of trading on May 29, 2026, with yields on most sovereign issues remaining below their original issuance levels, reflecting sustained investor confidence in the country’s external debt instruments. Data released by the Debt Management Office (DMO) showed that the country’s…
Read More »Nigeria’s pension assets rise by N1.42tn to N30.94tn in April — PenCom
Nigeria’s pension fund assets increased by N1.42 trillion in April 2026 to N30.94 trillion, reflecting sustained growth in the country’s contributory pension scheme, according to the latest industry report released by the National Pension Commission (PenCom). The report showed that the total net asset value of pension funds rose from…
Read More »CBN engages states, reaffirms commitment to inflation targeting
The Central Bank of Nigeria (CBN) has emphasised the critical role of State Governments in ensuring a successful transition to an Inflation Targeting (IT) monetary policy framework, stressing that sustained price stability can be achieved only through coordinated fiscal discipline across all tiers of government. Speaking during an engagement with…
Read More »CBN, FRACE deepen governance framework for non-interest financial institutions
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening Shariah governance, regulatory clarity, and risk management in the non-interest financial services industry as part of efforts to sustain public confidence, financial stability, and the orderly growth of the sub-sector. The commitment was restated at the 2nd Annual…
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