By JKNewsMedia Reporter NIGERIA’s OIL sector has been handed a significant financial reset, with approval secured for the cancellation of $1.42 billion and N5.57 trillion in debts owed by the Nigerian National Petroleum Company (NNPC) Limited to the federal government, signalling a push to stabilise the company’s finances and tighten transpar...
By Jemimah Wellington, JKNewsMedia Correspondent FRESH FINANCING secured for a major section of the Lagos Calabar Coastal Highway (LCCH) has been hailed by President Bola Tinubu as a significant milestone in the delivery of what he described as Africa’s most ambitious and transformative infrastructure projects. The President praised the Feder...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s NATIONAL Identification Number (NIN) has now automatically become the Tax Identification Number (TIN) for individuals, the Federal Inland Revenue Service (FIRS) has said, as public attention grows around tax requirements linked to financial and economic activities. The clarification f...
By JKNewsMedia REVENUE AMOUNTING to N1.928 trillion from the Federation Account has been shared among the Federal Government, State Governments and Local Government Councils for the month of November 2025, reflecting the latest statutory distribution to the three tiers of government. The revenue was shared at the December 2025 meeting of the ...
By Ajibola Olaide, JKNewsMedia Reporter RISING LOAN approvals, ongoing negotiations and phased disbursements across multiple sectors are set to push World Bank lending to Nigeria to $9.65 billion between 2023 and 2025 by the end of this year. The projected figure covers loans from the International Bank for Reconstruction and Development (IBR...
By Ajibola Olaide, JKNewsMedia Reporter RISING REVENUE inflows underline the latest allocation issued to local administrations across Lagos as the Federal Government released the November 2025 disbursement to all 20 Local Government Councils in the state. According to the official figures, the distribution reflects what the release described ...
 By JKNewsMedia THE SENATE Committee on Public Accounts has uncovered alleged financial irregularities totalling N210 trillion in the audited statements of the Nigerian National Petroleum Company Limited (NNPCL), raising concerns over what lawmakers described as severe contradictions and unexplained transactions within the company’s books bet...
By Ajibola Olaide, JKNewsMedia Reporter THE FEDERATION Account Allocation Committee (FAAC) disbursed N1.578 trillion to Nigeria’s federal, state, and local governments as revenue for March 2025, drawn from a gross pool of N2.411 trillion. The allocations, agreed during FAAC’s April 2025 meeting in Abuja and chaired by Minister of Finance and ...
