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’s ICPC says it will continue probing former NMDPRA chief Farouk Ahmed despite the withdrawal of a petition that initially prompted the investigation.
Nigeria PMI stayed in expansion territory in December, showing sustained private sector growth as demand lifted orders, output and confidence toward the end of 2025.
A Nigerian federal court granted Abdulaziz Malami and his family ₦500 million bail each, imposing strict conditions ahead of a February corruption trial.