By Ayomide Otitoju The Federation Account Allocation Committee (FAAC) has shared a total revenue of ₦1.659 trillion for the month of May 2025 among the federal, state, and local governments. According to a communiqué released after the FAAC meeting, the total distributable revenue comprised ₦863.895 billion from statutory sources, ₦691.714 billion from Value Added Tax…
By Ayomide Otitoju Ghana’s state-owned power distributor, the Electricity Company of Ghana (ECG), has disconnected electricity supply to several public institutions over mounting unpaid bills, with the Ghana Water Limited’s Weija treatment plant and the Ghana Broadcasting Corporation (GBC) among the first to be affected. The ECG on Tuesday cut off power to the Weija…
By Ayomide Otitoju Nigeria’s agricultural exports rose significantly in the first quarter of 2025, reaching ₦1.7 billion—a 65% increase from ₦1.035 billion in the same period of 2024 and up 10.63% from ₦1.54 billion in Q4 2024. This is according to the latest Foreign Trade in Goods Statistics report released by the National Bureau of…
By Ayomide Otitoju Zenith Bank Plc, Nigeria’s largest lender by Tier-1 Capital, has assured shareholders and investors of its commitment to continued dividend payments, while also affirming its plan to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance regime by June 30, 2025. This assurance comes amid increased regulatory scrutiny of banks’ capital adequacy…
By Ayomide Otitoju Infinix has officially unveiled its latest SMART Series lineup—the SMART 10 Series—marking a significant step forward in delivering reliable, feature-rich smartphones tailored to everyday use. The new series, launched globally on Wednesday, is designed to offer enhanced usability, artificial intelligence (AI) integration, and long-lasting power, all wrapped in a sleek, durable build….
By Ayomide Otitoju Leadway Assurance Company Limited has announced a record-breaking ₦173.2 billion in insurance revenue for the financial year ending December 31, 2024—marking a 51% increase from ₦114.4 billion in 2023. The insurance giant also disclosed the settlement of ₦117 billion in claims, reinforcing its status as Nigeria’s top claims-paying insurer for the eighth…
By Ayomide Otitoju Pay-TV provider GOtv has announced a special customer reward initiative running from Monday, June 16 to Thursday, July 31, offering subscribers a free upgrade to the next viewing package upon renewal—at no extra cost. In a statement issued on Monday, GOtv revealed that customers will automatically enjoy access to more channels and…
By Ayomide Otitoju The Dangote Petroleum Refinery has announced a new distribution initiative aimed at reducing inflation, cutting fuel costs, and generating employment across Nigeria. The plan, unveiled in a statement on Tuesday, involves the free delivery of Premium Motor Spirit (PMS), diesel, and other petroleum products to major users, including petrol station operators, manufacturers,…
By Ayomide Otitoju Fidelity Bank Plc has strongly denied recent media allegations that its Managing Director, Mrs. Nneka Onyeali-Ikpe, paid ₦5 billion to evade detention by the Nigeria Police, describing the claim as “false, malicious, and intentionally misleading.” In a statement issued on Monday, the bank refuted a report published by Sahara Reporters under the…
