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...
A steady rally in Zenith Bank shares has increased the value of founder Jim Ovia’s stake by $18.5 million as investors favor dividend-paying lenders.
Nigeria spent more than ₦822 billion on its digital economy ministry over six years, with sharp swings in funding and capital projects dominating allocations.