19 h. ago Reps summon CBN gov over unremitted N16trn revenue into Federation Account

The House of Representatives on Wednesday passed a resolution to compel the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to appear before the House over allegations bothering on non-remittance of over N5 trillion Operating Surplus and N11 trillion government revenue into the federation account. Leading debate on the motion, Chairman, House Committee […]

Politics

1 week ago Waldrum queries NFF over alleged $960,000 FIFA World Cup grant

Former Super Falcons head coach Randy Waldrum has challenged the Nigeria Football Federation (NFF) to account for the $960,000 he read more Waldrum queries NFF over alleged $960,000 FIFA World Cup grant

Politics

2 w. ago BudgIT’s 2025 report: Dissecting Enugu’s miracle of five loaves and two fish

By Uche Anichukwu WHILE discussing the 2025 edition of BudgIT’s State of the State Report, an annual publication that evaluates long-term fiscal performance and sustainability of Nigerian states, Arise News ace presenter and social activist, Rufai Oseni, described Enugu State’s emergence as the likeliest state to survive outside of the receipts from the Federation Account […]

Politics

3 w. ago N2.094trn October Revenue Disbursed To Federal Govt, States, Councils

The Federal Accounts Allocation Committee (FAAC) has approved the disbursement of N2.094 trillion as revenue from October 2025 to the federal, state, and local governments of the federation. This reflects a marginal decline from the N2.103 trillion shared to the three tiers of government from the federation account revenue generated in September 2025. The N2.094 […]

Politics

3 w. ago FAAC allocation continues downward trend, drops to N2.094trn in November

…as total gross revenue falls to N2.93 trn The Federation Account Allocation Committee (FAAC), at its November 2025 meeting chaired read more FAAC allocation continues downward trend, drops to N2.094trn in November

Politics

3 w. ago BudgIT’s State of the States Report: Understanding Enugu’s miracle of ‘five loaves and two fish’

While discussing Enugu State’s emergence as the likeliest state to survive outside of the receipts from the Federation Account Allocation read more BudgIT’s State of the States Report: Understanding Enugu’s miracle of ‘five loaves and two fish’

Politics

4 w. ago Refund N210trn To Federation Account, Senate Tells Nigerian National Petroleum Company

The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the N210 trillion outstanding against the oil firm. The upper chamber, therefore, told the petroleum company that the fund, which had not been accounted for, must be refunded to the Federation Account. The Senate Committee on Public Accounts, chaired […]

Politics