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BREAKING: FG, state, local governments share N2.001trn July revenue

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The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).

The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.

The distributable revenue included:

  • N1.282 trillion in statutory revenue
  • N640.610 billion from Value Added Tax (VAT)
  • N37.601 billion from Electronic Money Transfer Levy (EMTL)
  • N39.745 billion from exchange rate difference

Out of the total distributed funds:

  • The Federal Government received N735.081 billion
  • State Governments received N660.349 billion
  • Local Government Councils received N485.039 billion
  • N120.359 billion was shared to oil-producing states as 13% derivation revenue

Revenue Breakdown:

Statutory Revenue (N1.282 trillion):

  • FG: N613.805 billion
  • States: N311.330 billion
  • LGs: N240.023 billion
  • 13% Derivation: N117.714 billion

VAT (N640.610 billion):

  • FG: N96.092 billion
  • States: N320.305 billion
  • LGs: N224.214 billion

EMTL (N37.601 billion):

  • FG: N5.640 billion
  • States: N18.801 billion
  • LGs: N13.160 billion

Exchange Gains (N39.745 billion):

  • FG: N19.544 billion
  • States: N9.913 billion
  • LGs: N7.643 billion
  • 13% Derivation: N2.643 billion

The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.

FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.

The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.

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MKO Abiola’s Documentary to hit Cinemas in October

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A new documentary on the life and political struggle of the late Chief Moshood Kashimawo Olawale (MKO) Abiola is set to premiere in Nigerian cinemas in October.

Titled MKO, the 108-minute film is directed by Ose Oyamendan and produced with American documentary filmmaker Mark Jonathan Harris. It explores the annulment of the June 12, 1993, presidential election, widely regarded as free and fair, Abiola’s subsequent detention, and the controversial circumstances surrounding his death in custody in 1998.

The documentary features interviews with key figures including former military rulers Ibrahim Babangida and Abdulsalami Abubakar, former President Olusegun Obasanjo, Nobel laureate Wole Soyinka, Abiola’s running mate Baba Gana Kingibe, members of the Abiola family, journalists, and diplomats.

Oyamendan, who worked as a young journalist during the June 12 crisis, has described the film as an investigative documentary that examines Nigeria’s unfinished democratic journey. It had its world premiere earlier this year at the Sheffield DocFest in the United Kingdom.

The Nigerian cinema release is scheduled for early October, with some reports linking the premiere to Independence Day on October 1.

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BREAKING: JAMB releases underage UTME results, clarifies admission conditions

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The Joint Admissions and Matriculation Board (JAMB) has released the 2026 Unified Tertiary Matriculation Examination (UTME) results of underage candidates for viewing.

In a statement issued on Saturday in Abuja by the Board’s Public Communication Adviser, Dr Fabian Benjamin, JAMB defined an underage candidate for the 2026 admission exercise as any candidate who will be less than 16 years old as at September 30, 2026.

Benjamin said the results were released primarily to enable candidates and their parents or guardians to know their performance in the examination. However, he stressed that the release does not confer eligibility for admission on all underage candidates.

According to him, the results cannot be used for admission or any other official purpose, except by candidates who satisfy the stringent requirements prescribed for exceptionally performing underage candidates.

Candidates can check their results by sending “RESULT” to 55019 or 66019 using the same SIM card with which they registered for the UTME.

JAMB reiterated that only underage candidates who demonstrate exceptional academic ability and maturity will be considered for admission through a rigorous, multi-stage assessment process. Key requirements include a minimum UTME score of 320, at least 80 per cent performance in relevant Senior Secondary School Certificate Examination (SSCE) subjects where applicable, satisfaction of the Post-UTME requirements of their chosen institutions, and a final assessment conducted by experts.

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Arise TV Deputy Head of News Ohi Odiai and Wife Celebrate 17th Wedding Anniversary

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Veteran journalist Mr. Ohi Odiai and his wife, Mrs. Elizabeth Ohi-Odiai, today mark their 17th wedding anniversary, a milestone that highlights an enduring partnership built on mutual support, professional excellence, and family.

Mr. Odiai serves as Deputy Head of News at Arise News TV, one of Nigeria’s leading television networks. He is also the CEO and Chief Editor of Ohibaba.Com, the online news platform he founded and continues to steer as a key voice in digital journalism. His career spans years of impactful reporting, newsroom leadership, and media innovation.

Mrs. Elizabeth Ohi-Odiai is the owner and founder of Bukbeth Concepts Classic, a business reflecting her entrepreneurial drive and creative vision. Together, the couple has built a home grounded in shared values and quiet strength.

The family is blessed with three children — two boys and a girl — who form the heart of their journey.

Friends, colleagues, and well-wishers describe the Odiais as a model of resilience and partnership in both public and private life.

As they celebrate 17 years of marriage today, September 5, 2026, the couple is receiving warm congratulations from across the media and business communities. Their story stands as a reminder that lasting unions thrive on commitment, respect, and the everyday work of building a life together.

Happy anniversary to Mr. Ohi Odiai and Mrs. Elizabeth Ohi-Odiai.

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