The Federation Account Allocation Committee (FAAC) has shared N2,225.118 trillion August 2025 Federation Account Revenue to the Federal Government, States and the Local Government Councils.The revenue was shared at the August FAAC meeting held in Abuja.A communique issued by the FAAC on Wednesday, September 17, 2025, said the N2,225.118 trillion total distributable revenue comprised distributable statutory revenue of N1,478.593 billion, …

President Bola Ahmed Tinubu has officially ended the six-month state of emergency in Rivers State, effective midnight tonight, restoring full political power to the elected state government. The President announced the decision in a national address from the Statehouse on Thursday, citing a “new spirit of understanding” among the state’s warring political factions as the reason for the restoration. The …

Tony Elumelu Tony Elumelu, the Chairman of Heirs Holding, has noted that the United Bank for Africa (UBA) staff died in the fire outbreak at Afriland Towers in the Lagos Island area of Lagos State.The fire incident occurred on Tuesday, September 16, 2025. Speaking via a statement on Wednesday, Elumelu, who is also the chairman of UBA, said he was …

The naira appreciated to N1,484.13 against the United States dollar in the official foreign exchange (FX) market on Tuesday, September 16, 2025.At the close of trading on Tuesday, the dollar was quoted at N1,484.13 against N1,497.46 recorded at the Nigerian Foreign Exchange Market (NFEM) on Monday.Data released by the Central Bank of Nigeria (CBN) showed a N13.33 appreciation for the …

Omoyele Sowore, human rights activist and former presidential candidate, has filed two fundamental rights suits against the Department of State Services (DSS), challenging the “unconstitutional censorship” of his social media accounts. Sowore, who is publisher of Sahara Reporters, filed the suit at the Federal High Court in Abuja.The DSS had earlier filed a criminal suit against Sowore before the court …