RMAFC to implement new revenue sharing formula
Nigeria will soon have a new sharing formula. This is as the Revenue Mobilisation And Fiscal Commission says the implementation of a new revenue-sharing formula...
Economy
Rivers, Delta, Akwa Ibom, gets highest allocation in first quarter 2023- Report
Delta, Akwa-Ibom, and Rivers states received highest share of the N1.51 trillion granted to states by the Federal government in the first half of this...
Synergise with media to industrialise Rivers, Ezekwe urges Fubara
A council member of Port Harcourt Chamber of Commerce Industry Mines and Agriculture (PHCCIMA) Chief Emeka Ezekwe has urged the Rivers State government under the...
Subsidy: N’ Delta group calls for Kyari’s removal over hardship
By: Felix Ikpotor Following the removal of fuel subsidy by the Federal Government and the attendant hardship faced by Nigerians, a group, the South South...
CBN denies devaluing Naira
The Central Bank of Nigeria, CBN, has denied reports that it devalued the Naira. Reports emerged earlier that the CBN devalued Naira from N631 to...
NNPC discovers oil in Nasarawa, starts mining in March
The Nigerian National Petroleum Company Limited on Friday announced the discovery of oil in Nasarawa State and said it was set to drill the first...
Rivers maintains top spot in fiscal performance rating
Rivers State has ranked first in overall fiscal performance of states in Nigeria. It ranked first in 2020 and 2021 among the 36 states. This...
Gas leak from NPDC facility causes panic in Rivers community
By: Felix Ikpotor There is panic in Sangama community in Bonny local council of Rivers State as people are now deserting the area following gas...
Insecurity reason for under-utilisation of Eastern Port-NPA MD
The management of Nigerian Ports Authority (NPA) has cited insecurity on the waterways as reason for the under-utilisation of the four Ports in the Eastern...
13% derivation: Rivers, seven other oil-producing states received N144bn in Q1 2022
Eight oil-producing states in Nigeria received N144.31 billion from the federation account in the first quarter of 2022. The amount is a statutory allocation of...