The Federation Account Allocation Committee (FAAC) has distributed ₦1.68 trillion to Nigeria's three tiers of government as federation allocation for April 2025, reflecting a ₦110 billion increase from March's ₦1.57 trillion distribution. This announcement came following FAAC's May meeting chaired by Wale Edun, Minister of Finance and Coordinating Minister of the Economy. The allocation was derived from a total gross revenue of ₦2.848 trillion, comprising statutory revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and exchange difference. Distribution Breakdown The allocation was distributed as follows: - Federal Government: ₦565.30 billion - State Governments: ₦556.74 billion - Local Government…

According to the National Bureau of Statistics (NBS), Nigeria's headline inflation rate decreased to 23.71% in April 2025, down from 24.23% recorded in March 2025, marking a 0.52% drop month-on-month. The April 2025 inflation figure also represents a significant year-on-year decrease of 9.99% compared to April 2024's rate of 33.69%, though this comparison involves a different base year. On a month-on-month basis, the headline inflation rate was 1.86% in April 2025, which is 2.04% lower than March 2025's rate of 3.90%, indicating a slower pace of price increases. Food Inflation Declines Food inflation stood at 21.36% on a year-on-year basis…

Nigeria's Trans Niger Pipeline, a major oil artery transporting crude from onshore oilfields to the Bonny export terminal, burst and spilled oil into the local B-Dere community in Ogoniland, an environmental rights group said on Thursday. This is the second incident affecting the Trans Niger Pipeline in two months. In March, the pipeline was shut after a blast that caused a fire. Nnimmo Bassey, executive director of Health of Mother Earth Foundation, said the spill, which occurred on May 6, was yet to be stopped, adding that the slow response showed a lack of care for the people and was…

The Department of State Services (DSS) has filed a lawsuit against Pat Utomi, accusing him of attempting to establish a “shadow government” in Nigeria—a move the agency describes as a direct threat to the nation’s constitution and democratic order. In a suit filed on May 13 at the Federal High Court in Abuja (Suit No. FHC/ABJ/CS/937/2025), the DSS is seeking a judicial declaration that Utomi’s alleged actions are unconstitutional and an attack on the legitimacy of the elected government. Utomi, who was the African Democratic Congress (ADC) presidential candidate in 2007, is the sole defendant in the case. The DSS,…