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Cooking Gas Falls to N13,586 in SW, Rises to N13,665 in SE

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December 2025's FAAC allocations tell a familiar but still uncomfortable story about Nigeria's political economy.

- BY MARY AFOLABI

Once again, oil-producing states tower over the rest of the federation, soaking up thelargest share of distributable revenue, while non-oil states—despite population pressure and economic contribution—trail far behind.

MEER VERHALEN VAN The Business NG

The Business NG

Nigeria Saves Nótrn from Reduced Fuel Imports in Nine Months — NMDPRA

Nigeria has saved more than ₦6 trillion from reduced petroleum product imports in the first nine months of 2025 following the full deregulation of the downstream oil sector, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said.

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1 min

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The Business NG

Naira Dips to N1,366 as Dollar Demand Edges Up, Reserves Hit $46.8 Billion

The Nigerian naira weakened against the US dollar on Thursday, with the official spot rate closing at 1,366.05/US$, a depreciation of 7.77 from the previous 1,358.28/US$ reported by the Central Bank of Nigeria (CBN).

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1 min

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The Business NG

CBN's Recapitalisattion: Banks Raise Extra Capital as

Industry Heavyweights Push for Trillion-Naira Capital Base

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1 min

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The Business NG

FAAC Doubles After Petrol Subsidy Removal, Nigerians Pressure Governors

The removal of petrol subsidy has nearly doubled FAAC allocations to Nigeria's states and local governments, sparking a mix of celebration and scrutiny from citizens and civil society groups.

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1 min

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The Business NG

FG Flags Off Nationwide Training for 10 Million Nigerians on Financial Inclusion

The Dedeovernment has launched a free nationwide training programme aimed at equipping 10 million Nigerians with financial inclusion and literacy skills, as part of efforts to deepen economic participation and promote sustainable wealth creation.

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1 min

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The Business NG

NECO 2025 SSCE Results: 72% Pass in English, Maths Amid Rise in Malpractice Cases

The National Examinations Council (NECO) has released the results of the 2025 Senior School Certificate Examination (SSCE), recording a 72% credit pass rate in English and Mathematics.

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1 min

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The Business NG

Cooking Gas Falls to N13,586 in SW, Rises to N13,665 in SE

December 2025's FAAC allocations tell a familiar but still uncomfortable story about Nigeria's political economy.

time to read

1 min

BusinessNg

The Business NG

Nigeria's Water Crisis Deepens in Northern States

...Only 31% in Kebbi Have Basic Drinking Water

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1 min

BusinessNg

The Business NG

99% of Businesses in Gombe, Enugu Are Unregistered with CAC

Gombe and Enugu states top the list of Nigerian states where the majority of businesses operate without formal registration, highlighting the persistence of informality in the country’s economy.

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1 min

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The Business NG

Nigeria Loses N134bn to Digital Payment Fraud

Nigeria's financial institutions have suffered a staggering 134.48 billion loss to digital payment fraud over the last six years, data from the Nige ria Inter-Bank Settlement System (NIBSS) reveals.

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1 min

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