Category : Search result: federal account allocation


State Debt Rises by N94.79bn in Three Months

Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.

Gmail Users Can Now Change Their Email Address

Google has introduced a long-awaited feature allowing users to change their @gmail.com address while keeping all data. The global rollout appears to have started in India.

Trader Recounts Balogun Market Fire Start at 4 PM

A trader shares her eyewitness account of the Balogun Market fire, revealing it began with smoke around 4 PM. She criticizes the initial response and explains how her mother's warning saved her goods.

Radda: Don't blame only govs for economic hardship

Katsina Governor Dikko Radda urges Nigerians to scrutinise Federal Government's use of 52% revenue share. He argues states, LGAs bear public anger despite limited funds. Read his full interview.

Tinubu Vows Security Reset in 2025 Budget Speech

President Bola Tinubu announces a sweeping national security revamp, allocating N5.41 trillion to defence. He declares all armed non-state actors as terrorists amid rising violence.

Mother Spends All Savings to Fly Daughter Over Kidnapping

A Nigerian mother made the ultimate sacrifice, draining her bank account to buy a flight ticket for her daughter, fearing road travel due to rampant kidnappings. Her story highlights the daily terror many face. Read her emotional plea for safety.

Tinubu Tells Governors To Hand Over LG Allocations

President Bola Tinubu has ordered state governors to comply with the Supreme Court judgement and directly fund local governments. He also reaffirmed plans for state police. Read the full story.

Federal Government Reopens 47 Unity Schools

The Federal Government has reopened the 47 Unity Colleges shut in November over insecurity. The Ministry of Education assures safety measures are in place. Read more.

IBEDC Blames Outages on Reduced Grid Supply

IBEDC apologises for prolonged power outages in Oyo, Ogun, Osun, and Kwara, citing reduced allocation from the national grid. The company is engaging with TCN for a solution. Read more.

IBEDC Blames Power Outages on Reduced Grid Supply

IBEDC attributes prolonged power outages in its franchise area to reduced allocation from the national grid. The company is engaging TCN for a solution while cracking down on energy theft.

EKIRS: No Account Freeze Over TIN in New Tax Reform

The Ekiti State Internal Revenue Service clarifies that the new tax reforms will not freeze accounts without TIN. Chairman Olaniran Olatona urges calm, stating the goal is fair taxation, not hardship. Read more.

Federation Account Hits N23trn in 10 Months

Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.

FAAC Revenue Falls by N428bn, N1.93trn Shared

FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.

N66.42tr Hits Federation Account in 3 Years

Nigeria's Federation Account gross inflows hit N66.42 trillion from 2023 to Oct 2025, driven by fiscal reforms. RMAFC Chairman cites economic progress despite citizens' concerns. Read full analysis.

Man Reveals VDM's NGO Balance Amid Harrison Gwamnishu Feud

A Nigerian man, Charles Obinwanne Don, shares the N10 million balance in VeryDarkMan's NGO account, defending the activist against claims of jealousy towards Harrison Gwamnishu. Get the full story on the social media drama.

Supreme Court Dismisses Osun Suit on LG Funds

The Supreme Court has struck out Osun State's suit to compel FG to release LG funds, citing lack of locus standi. Read the full details and implications of the judgment.

Supreme Court Dismisses Osun's LG Funds Suit

Nigeria's Supreme Court has dismissed Osun State's suit to compel the Federal Government to release withheld local government allocations. Read the full details and implications of the verdict.

Fast Ways to Block Your Union Bank Account

Learn the quickest methods to block your Union Bank account using USSD *826*6#, the UnionMobile app, or customer care. Protect your funds instantly during emergencies.

TIN Not Mandatory for Personal Bank Accounts - FG

The Federal Government clarifies that Tax Identification Numbers are only required for personal bank accounts used for business transactions. Learn the new rules before the January 2026 deadline.

Rivers 2026 Budget: Education Gets Top Priority

Governor Siminalayi Fubara vows to tackle the state's poor school infrastructure, allocating the biggest portion of the 2026 budget to education. Read his full plan for reform.

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