Author: Ifetayo Adeniyi

Office of the Accountant-General of the Federation The Federal Government, the 36 states and the 774 Local Government Councils shared a total of N3.007tn as federation revenue for July 2026, as statutory collections rose by N658.09bn, driven by improved receipts from petroleum and non-oil taxes. The disbursement was approved at the August 2026 meeting of the Federation Account Allocation Committee held in Owerri, Imo State. A statement issued on Tuesday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, said the gross statutory revenue rose to N4.359tn in July from…

Candidate of the All Progressives Congress, Asiwaju Munirudeen Bola Oyebamiji (AMBO) The candidate of the All Progressives Congress (APC) in the just-concluded governorship election in Osun State, Asiwaju Munirudeen Bola Oyebamiji (AMBO), has declared his respect for the position of the Independent National Electoral Commission (INEC) on the election while supporting the decision of the party to review the outcome. Breaking his silence since the announcement of the election result earlier on Sunday morning, Oyebamiji, in a statement he personally signed and made available to newsmen in Osogbo on Monday night, expressed gratitude to the people of Osun State and…

… 50kg bag of cement in Nigeria rose sharply in the first half of 2026. It said a bag that sold for between N9,300 and N9,700 in January rose to between N10,500 and N13,000 by mid-year, and further to between N13,000 and N15,000 in some parts of the country by July. The Federal Competition and Consumer Protection Commission (FCCPC) has said preliminary findings from an industry-wide investigation point to possible manipulation of cement prices in Nigeria. The Commission stated that the findings were contained in a 40-page field report compiled after a three-month cross-border study by its Anticompetitive Practices Department…

L-R: Team Lead, Corporate Social Responsibility (CSR), Fidelity Bank Plc, Victoria Abuka; Fidelity Food Bank Partner, Rev. Fr. Michael Domingo; Cathedral Administrator, Cathedral of Saints Peter and Paul, Catholic Diocese of Abeokuta, Itesi, Adatan, Abeokuta, Rev. Fr. Dominic Olagbaju; and Branch Leader, Fidelity Bank Plc, Sagamu, Titilola Odede, during the Fidelity Food Bank distribution event in Abeokuta, Ogun State recently. As part of its efforts to alleviate hunger and support livelihoods across Nigeria, leading financial institution, Fidelity Bank Plc, has donated more than 2,000 food packs to residents in Abeokuta, Ogun State, through its Fidelity Food Bank Initiative. The distribution…

FILE: President of Dangote Group, Alhaji Aliko Dangote The Dangote Petroleum Refinery and Petrochemicals has secured a $1bn underwriting programme ahead of its planned Initial Public Offering. The programme, structured by Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, comprises a completed and funded $600m private placement and a further $400m underwriting commitment in support of the refinery’s planned IPO. In a statement on Tuesday, the Dangote Group said the $600m private placement has been underwritten and funded by Pan-African Refinery Investment SPV, a subsidiary of Lilium Capital Group. It added that Marob Strategies and Lilium Capital are…

The National Woman Leader of the All Progressives Congress (APC), Dr Mary Alili Idele has launched the United States of America chapter of the Tinubu Torch Bearers (TTB) to rally support for the re-election bid of Bola Tinubu. In a statement made available to newsmen, the APC National Women leader, Idele, who doubles as the founder of the Tinubu Torch Bearers announced Barrister Henry Chukwunenye Nnabugwu as the convener of TTB for USA. The event, themed: “Renewed Hope in Action: Building the Nation from Diaspora to Development,” held at its pioneer branch, the Houston Metroplex Branch, in Sugar Land, Texas.…

Governor Dauda Lawal  While many are wondering why naysayers of Governor Dauda Lawal are angered by his growing influence in Zamfara and Nigeria’s political space, which has led to his consistent inclusion in President Bola Ahmed Tinubu’s foreign trips entourage, such critics are rather myopic or economical with the truth. Instead, they should be excited that a highly cerebral and financially prudent Governor like him is being included in these high-level diplomatic engagements, from which Zamfara stands to gain significantly. These trips open the state to better strategic positioning and create room for foreign direct investment in agricultural development, mining…

The Executive Governor of Zamfara State, His Excellency Dr Dauda Lawal The Executive Governor of Zamfara State, His Excellency Dr Dauda Lawal, alongside other state governors and the President’s Chief of Staff, will represent Nigeria at the Canada–Africa Summit on digital rails and inclusive growth. The maiden investment summit is scheduled to take place in Toronto from August 10 to 15, 2026. The Presidency’s invitation to Governor Lawal emphasised that his participation would strengthen Nigeria’s diplomatic and economic standing at the Nigeria Diaspora Investment Economic Conference (NDIEC). NIDEC is a leading global platform where governments, investors, multinational companies, development finance…

Minister of Power, Joseph Tegbe The Federal Government has added 208 megawatts (MW) of bulk transmission capacity to Lagos following the commissioning of upgraded substations at Ijora and Apapa Road, aimed at easing transmission constraints that have contributed to stranded electricity on the national grid. At the Ijora substation, two new 100MVA transformers increased installed capacity from 90MVA to 230MVA, providing an additional 112MW. At Apapa Road, a new gas-insulated substation added 96MW, raising capacity from 60MVA to 180MVA. The Apapa Road facility replaces an outdoor transformer that had served as a temporary arrangement after the original substation, commissioned in…

Dangote Refinery Elegbede Abiodun The cooking gas price will ease gradually across Nigeria after Dangote Petroleum Refinery and major liquefied petroleum gas marketers must have dropped their prices, offering some relief to households facing persistent energy costs. Dangote Refinery lowered its LPG gantry price by N30 to N950 per kilogram. The latest reduction places the refinery’s LPG price at a level that could encourage further downward movement across the supply chain, particularly if marketers pass the savings on to consumers. Several major operators have already reduced their ex-depot prices. 11PLC, formerly Mobil, alongside NAVGAS, Ranoil and PPMC, cut their ex-depot…