BUSINESS Archives - Page 6 of 36

FG, States And LGs Share N3.007 Trillion As July Revenue Rises By N658 Billion 0

The Federal Government, the 36 states and the 774 local government councils have shared a total of N3.007 trillion as federation revenue for July 2026. The allocation was approved at the August 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Owerri, Imo State. I Had No Deal Or Partnership With ADC

Nigeria’s Inflation Rate Drops to 15.43% in July 2026 — NBS 0

Nigeria’s headline inflation rate fell further in July 2026, dropping to 15.43 per cent from 15.91 per cent recorded in June, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The NBS disclosed the figure in its Consumer Price Index and Inflation Report released on Monday, August 17,

Access Bank Takes Action After Hackers Steal ₦1.34 Billion 0

Access Bank Plc has approached the Federal High Court in Lagos seeking urgent orders to preserve and recover ₦1.34 billion allegedly transferred without authorisation from the accounts of four customers in what the bank described as a cyber fraud incident. The affected accounts belong to MIB TXN Bullion, Aba Branch; AIICO General Insurance Company Limited;

Lagos Overtakes Oil States As Top FAAC Earner With N365.78 Billion 0
- BUSINESS, SLIDE
- August 10, 2026
Lagos, Delta and Rivers led Nigeria’s FAAC allocations in the first half of 2026 as the top 10 states received ₦2.16 trillion, driven by VAT, derivation revenue and statutory allocations. Osun Labour Calls for Peaceful, Credible Governorship Election, Denies Palliative Vote-Buying Claims Nigeria’s top 10 revenue-earning states received a combined ₦2.16 trillion in net Federation
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Lagos, FCT And Rivers Account For Over 43% Of States’ ₦4.52tn Domestic Debt – DMO 0
- BUSINESS, SLIDE
- August 10, 2026
ABUJA – Lagos State, the Federal Capital Territory (FCT) and Rivers State accounted for more than 43 per cent of the ₦4.52 trillion domestic debt owed by Nigeria’s 36 states and the FCT as of March 31, 2026, according to the latest data released by the Debt Management Office (DMO). Fake Cleric Arrested For Allegedly
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BOI Opens ₦250bn Bond Offer To Finance Nigerian Businesses 0
- BUSINESS, SLIDE
- August 7, 2026
The Bank of Industry (BOI) has opened subscriptions for its inaugural ₦250 billion Series 1 Fixed Rate Bond to raise long-term funding for businesses across key sectors of the Nigerian economy. The five-year bond, issued through BOI Financing SPV Plc under the bank’s $1 billion multi-currency instruments programme, opened for subscription on August 5 and
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