KEY POINTS
Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026.
He cited his intention to contest the Oyo State governorship and comply with electoral laws.
His exit marks a significant development ahead of upcoming elections in the state.
Nigeria’s Minister of...
KEY POINTS
FG, states, and LGs received allocations from March 2026 revenue, with oil-producing states getting ₦120.759 billion derivation.
The finance minister chaired his first FAAC meeting, marking another ₦2 trillion-plus distribution this year.
Statutory revenue increased, but VAT and key oil-related revenues recorded...
Nigeria and oil companies operating in the country have pocketed an estimated $4 billion windfall as the US-Israel-Iran war pushed Bonny Light crude past $116.
NNPC Trading shipped more than 1.03 million metric tons of crude, about 6.8 million barrels, to Aliko Dangote's Lekki refinery across eight April cargoes.
The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.