FAAC Shares N1.818 Trillion To FG, States, LGs For June 2025 As Revenue Surges 

The Federation Account Allocation Committee (FAAC) has distributed a total sum of N1.818 trillion to the Federal Government, State Governments, and Local Government Councils as Federation Account revenue for the month of June 2025. This represents a 9.6% increase—equivalent to N159 billion—when compared to the N1.659 trillion shared in May 2025. This was disclosed in…

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BREAKING: CBN To Maintain Controversial Cybercrime levy Amid Economic Hardship

The Central Bank of Nigeria (CBN) has confirmed it will continue enforcing the contentious cybercrime levy of 0.005% on all electronic transactions as part of its updated guidelines for the 2024-2025 fiscal year. The cybercrime levy, introduced under the Cybercrime (Prohibition, Prevention, etc.) Act of 2015, aims to bolster Nigeria’s cyber security infrastructure. The Act…

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FLASH: No More Corruption In Nigeria, Reforms Impactful – Tinubu Tells Brazilian President 

President Bola Ahmed Tinubu has assured Brazilian investors that Nigeria’s ongoing economic reforms are producing measurable results, declaring that corruption has been curbed since he assumed office. Tinubu gave the assurance on Monday during a meeting with ministers from both countries and members of the Brazil Business Group, where he reiterated Nigeria’s readiness to deepen…

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