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NECA Demands Accountability For N10.4tn Shared to States, LGs As Subsidy Windfall Sparks Fresh Transparency Questions

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  By allcitynews.ng  The leadership of Nigeria Employers’ Consultative Association (NECA) has put state and local governments under the spotlight, demanding that they publicly account for the huge resources that flowed to the sub-national governments between June 2023 and December 2025. The demand came after the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, revealed that the Federal Government’s reforms had mobilised N15.8 trillion for the Federation during the period under review. The demand for disclosure of how states and local governments collectively received N10.4 trillion from increased Federation revenues utilised the amount, following the removal of petrol subsidy and foreign exchange reforms has opened a fresh front in Nigeria’s debate over public accountability, fiscal transparency and the real impact of the Federal Government’s economic reforms Of that amount, N5.4 trillion accrued to the Federal Government, while N10.4 trillion was d...
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FirstBank Storms Nigerian Markets With Pensioners Roadshow to Drive Awareness of Approved Pension Settlement Framework

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  Mr. Olusegun Alebiosu Managing Director /Chief Executive Officer, FirstBank Nigeria PLC. By allcitynews.ng  FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, is pleased to announce the commencement of a nationwide Pensioners Roadshow aimed at engaging pensioners on the approved Pension Settlement Framework. The roadshow will be held between 18 August and 3 September 2026. The Pension Settlement Framework is a one-off settlement initiative developed to provide a final and sustainable resolution to long-standing pension-related matters raised by eligible legacy pensioners of the Bank who retired under the defined benefit scheme. It was developed in partnership with the Nigeria Union of Pensioners (NUP) under the guidance of the National Pension Commission (PenCom). The nationwide engagement programme to be held across six locations, namely Lagos, Ibadan, Benin, Enugu, Abuja, and Kaduna, will provide pensioners with dir...
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Moniepoint Launches Flexible Savings Products, Names Funke Akindele Campaign Ambassador

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  By allcitynews.ng  Moniepoint Microfinance Bank has unveiled an enhanced range of savings products designed to give individuals and businesses greater flexibility in building financial security, as it launched a new brand campaign featuring Nollywood actress and filmmaker, Funke Akindele. The campaign, themed “One Step Ahead,” seeks to address the everyday financial challenges that often disrupt savings plans, while encouraging Nigerians to develop stronger savings habits and build toward long-term financial goals. The launch comes amid persistent economic uncertainty and growing consumer demand for savings solutions that combine competitive returns with easy access to funds when unexpected financial needs arise. According to Moniepoint, a recent customer survey showed that unexpected expenses account for 72.8 per cent of savings disruptions, while irregular income affects 51 per cent of savers nationwide. The bank said the findings reinforced the need for savings products t...
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PENGASSAN Summit, NLNG DG, Exposed How NLNG Paid $7.2 bn in dividends, contributed over $10.8bn in taxes to Nigerian economy

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   By allcitynews.ng  Nigeria LNG Ltd. (NLNG) has called for governance reforms, predictable regulation and sustained investment to unlock Nigeria’s estimated 600 trillion cubic feet (TCF) gas potential. NLNG Managing Director, Mr Adeleye Falade, made the call while delivering a keynote address at the ongoing Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Energy and Labour Summit (PEALS 2026) in Abuja. Just as he pointed out that unlocking Nigeria’s gas potential requires governance reforms, clear regulations, reliable infrastructure, competitive commercial frameworks and sustained investment to transform gas resources into power, jobs and industrial growth. Falade said Nigeria remained rich in gas resources but faced significant gaps in production, utilisation and conversion into electricity, industrial inputs, jobs, revenue and economic growth. According to him, more than 37 per cent of Nigerians lacked access to electricity in 2024 and severa...
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Marketing Space to host Africa Business & Enterprise Conference in Lagos

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...honouring outstanding Businesses across Africa Posted by allcitynews.ng  Marketing Space, a leading brand, marketing, business and strategic communications magazine, is set to host the Africa Business & Enterprise Conference & Awards, a major gathering of business leaders, entrepreneurs, innovators, industry professionals and other key stakeholders. The event, scheduled to hold on Friday, October 2, 2026, at the Lagos Oriental Hotel, Victoria Island, Lagos, commencing at 2pm will provide a platform for thought leadership, knowledge exchange, networking and meaningful conversations on the future of business and enterprise in Africa. It will also feature a keynote speech by a distinguished industry and business expert, who will share insights on the theme: “Empowering Business Through Innovation and Leadership for Sustainable Growth.” In addition, participating organisations will have the opportunity to deliver a 10-minute corporate presentation to showcase their products,...
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Airtel Africa becomes the first operator in Africa to commercially launch Starlink Mobile in DRC

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  Posted by allcitynews.ng  Airtel Africa and Starlink today have launched satellite-to-mobile service in the Democratic Republic of the Congo (DRC), marking the first commercial deployment in Africa.  The service enables Airtel customers with compatible smartphones to access connectivity in non-terrestrial areas wherever they can see the sky. Starlink, the world’s largest satellite-to-mobile constellation with 650 launched satellites, enables light-data apps, including WhatsApp messaging, as well as SMS. Customers do not require specialised equipment or a separate device to access the service. The launch follows the strategic partnership announced by Airtel Africa and Starlink in December 2025 and the successful testing of Starlink Mobile data and messaging services in Kenya in March 2026. DRC is the first Airtel Africa market - and the first country in Africa - where the service has progressed to commercial deployment. To use the service, customers must have a compatibl...
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CWPPF Demands Probe Over Alleged Police Beating Of Journalist With Electric Cable

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By allcitynews.ng  Following the alleged assault and brutalisation of  an Abuja-based journalist for performing his constitutional duty, Coalition for Whistleblower Protection and Press Freedom (CWPPF) has condemned the alleged assault, harassment and destruction of the mobile phone of the Editor of Pinnacle Daily, Sunday Michael Ogwu, by police operatives and members of the Vigilante Group of Nigeria (VGN) in Abuja. The coalition said the incident occurred on Wednesday, August 19, 2026, around 5:30 p.m. in the Lugbe Federal Housing Estate area of Abuja, during a joint demolition exercise involving personnel of the Lugbe Police Division and VGN members. According to an account presented to CWPPF, Ogwu was taking a stroll in the area when he encountered the demolition operation and brought out his mobile phone to document the exercise. The coalition alleged that a police officer forcibly seized his phone despite his repeated identification as a journalist and attempted to speak...
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