May 2024

Death toll hits 11 in Kano explosion

The death toll of worshippers from Wednesday’s explosion has risen to 11. Recall that Nigerian NewsDirect based on reports obtained from the Police had reported that over 24 persons were injured in the explosion on Wednesday. The Kano Police Command…

Naira suffers loss, depreciates to N1,533.99

The exchange rate between the naira and dollar in the official NAFEM Window has depreciated to N1,533.99/$1 on Thursday, May 16, 2024. This represents a massive 4.89 percent drop in one day when compared to the N1459.02/$1 recorded a day…

FIRS generates N3.94trn revenue in Q1, 2024 

The Executive Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji has disclosed that the service generated a total of N3.94 trillion in tax revenue in the first quarter of the year (Q1 2024). Adedeji gave the figures while receiving…

April 2024: FG, States, LGs share N1,208.081trn

The Federation Account Allocation Committee (FAAC), at its May 2024 meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1,208.081 Trillion to the three tiers of government as Federation…