Author: Vardiafrica

A total sum of N2.300 trillion, being the May 2026 Federation Account Revenue, has been shared between the federal government, states, and the local government councils. In a statement on Wednesday by the spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, the revenue was shared at the June 2026 Federation Account Allocation Committee FAAC meeting held in Abuja. The N2.300 trillion total distributable revenue comprised distributable statutory revenue of N1.611 trillion and distributable Value Added Tax (VAT) revenue of N688.785 billion. A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that the total…

The Federal Government on Wednesday launched FreeTV, a digital television platform offering more than 100 free channels, as it unveiled Nigeria’s Digital Switch Over (DSO) Platform aimed at expanding access to digital broadcasting and accelerating the country’s transition from analogue television. The Minister of Information and National Orientation, Mohammed Idris, officially launched the platform at the headquarters of the Nigerian Communications Satellite Limited (NIGCOMSAT) in Abuja. FreeTV will provide a wide range of programming, including news, sports, movies, music, children’s content, educational programmes, as well as dedicated Yoruba, Hausa and Igbo language channels. The service will be available through satellite…

A delegation from the Ghana National Petroleum Corporation (GNPC) has visited the Nigerian Content Development and Monitoring Board (NCDMB) on a knowledge sharing and local content benchmarking study, with a view to deepen their understanding of the Board’s local content development practices in the areas of policy frameworks and implementation strategies, among other things. The delegation, led by the Director of Corporate Affairs at GNPC, Mr. Eric Pwadura, is on week tour of the NCDMB corporate headquarters, Yenagoa, Bayelsa State and was received on Monday by the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe. Welcoming the delegation, the Executive Secretary…

The first woman president of OPEC and Nigeria’s former oil minister, Diezani Alison-Madueke, was cleared of bribery charges in a UK trial Wednesday, her defence lawyers said in a statement “Diezani Alison-Madueke was cleared of six charges of bribery at Southwark Crown Court on 17 June 2026, after a five-month trial,” defence lawyer Jonathan Laidlaw said in a press release. The trial was brought by the UK’s National Crime Agency (NCA), which targets serious organised and international crime, after a years-long investigation concerning alleged offences between 2011 and 2015. Laidlaw told the jury at the London court in January that…

The Niger Delta Development Commission NDDC has intensified its campaign against drug abuse and cultism, warning students of the destructive consequences these vices pose to individuals and society. The Niger Delta Development Commission NDDC has intensified its campaign against drug abuse and cultism, warning students of the destructive consequences these vices pose to individuals and society. Speaking during a sensitisation programme at Community Secondary School, Oruma, Ogbia Local Government Area of Bayelsa State, the NDDC Managing Director, Dr Samuel Ogbuku, urged students to resist peer pressure and avoid involvement in drugs or secret cult groups. He emphasised that such practices…

Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners, localise payments transaction data, and comply with new market share limits designed to curb concentration risk. The far-reaching regulatory measures were contained in a circular dated June 15, 2026 and signed by CBN’s Director, Payments System Supervision Department, Dr. Rakiya Yusuf. The regulatory intervention represents one of the most significant interventions by the CBN in the payments industry in recent times, aiming at restructuring the country’s fast-growing digital payments ecosystem. The circular, addressed to Deposit Money Banks, Microfinance Banks, Mobile…

The Inspector-General of Police, IGP Olatunji Disu, has directed the Katsina State Police Command to strengthen security measures around schools across the state to ensure the safety of students and staff. The directive was conveyed by the Deputy Inspector-General of Police in charge of Finance and Administration, Sulaiman Abdul, during a two-day operational tour of Katsina State. Speaking during the visit, the DIG said the police command had been instructed to intensify patrols, improve intelligence gathering and maintain a strong security presence around educational institutions. According to him, the measures were aimed at preventing violent crimes and creating a safe…

US President Donald Trump has backed a joint G7 leaders’ statement supporting the recent agreement reached between the United States and Iran, while calling for further negotiations to address Tehran’s ballistic missile programme and regional activities. I’m the boss,” Trump said as he strode in to the morning session of the last day of the three-day G7 summit, with the other leaders already in their seats. In a statement, issued at the G7 summit in Évian-les-Bains, France, the group welcomed the memorandum of understanding expected to be signed by Washington and Tehran in Switzerland on Friday, describing it as an…

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has emerged as the new Paramount Ruler of Ayakoro Community in Ogbia Local Government Area of Bayelsa State, assuming the traditional title of Daufa VI. Ogbuku’s emergence was in accordance with the provisions of the Ayakoro Community Constitution. His installation came six months after the demise of the late Paramount Ruler. Before his elevation, he served as Deputy Paramount Ruler of the community. The transition process was conducted under the supervision of the Bayelsa State Ministry of Local Government and Chieftaincy Affairs, with Chief Micha Itekesi also…

The Senate has suspended its ongoing legislative recess and summoned lawmakers for an emergency plenary session to address urgent national issues, with particular focus on the country’s worsening security situation. In a notice issued by the Clerk of the Senate, Emmanuel Odo, senators were directed to reconvene at the Senate Chamber, National Assembly Complex, Abuja, on Tuesday, June 23, 2026, at 11:00 a.m. The notice stated that the emergency sitting is convened on the directive of the President of the Senate, Godswill Akpabio, to enable the upper chamber to consider matters requiring immediate legislative intervention. According to the communication, the…