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BW Rockers, Uyo (2025)

19/07/2025

FEDERAL GOVERNMENT, STATES, AND LOCAL GOVERNMENTS SHARE N1.818 TRILLION IN JUNE 2025 REVENUE

The Federation Account Allocation Committee (FAAC) has announced the distribution of N1.818 trillion to the Federal Government, 36 states, and 774 local government councils for June 2025. This allocation was made following the meeting held in Abuja.

The total distributable revenue includes N1.018 trillion from statutory revenue and N631.507 billion from Value Added Tax (VAT).

According to the breakdown, the Federal Government will receive N645.383 billion, while state governments will get N607.417 billion, and local government councils will receive N444.853 billion.

The gross statutory revenue for June 2025 rose significantly to N3.485 trillion, representing an increase of N1.390 trillion compared to the N2.094 trillion recorded in May 2025.

However, VAT revenue experienced a decline, dropping by N64.655 billion from N742.820 billion in May to N678.165 billion in June.

The FAAC allocation is expected to support the development of various sectors and enhance the economic well-being of Nigerians.

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18/07/2025

Tinubu Appoints Muhammad Babangida as Chairman of Revamped Bank of Agriculture

President Bola has appointed Muhammad , son of former President Badamasi Babangida, as Chairman of the revamped Bank of Agriculture. The appointment, announced on July 18, 2025, is part of a broader shake-up of key federal agencies.

Babangida, 53, brings extensive experience to the role, having earned a Bachelor's degree in Business Administration and a Master's degree in Public Relations and Business Communication from the European University in Montreux, Switzerland. He also completed Harvard Business School's Executive Program on Corporate Governance in 2002.

Other Key Appointments:

- Lydia Kalat Musa (Kaduna State) as Chairman of the Oil and Gas Free Zone Authority (OGFZA)
- Jamilu Wada Aliyu (Kano State) as Chairman of the National Educational Research and Development Council (NERDC)
- Yahuza Ado Inuwa (Kano State) as Chairman of the Standard Organisation of Nigeria (SON)
- Sanusi Musa (Kano State) as Chairman of the Institute of Peace and Conflict Resolution (IPCR)
- Prof. Al-Mustapha Alhaji Aliyu (Sokoto State) as Director-General of the Directorate of Technical Cooperation in Africa (DTCA)
- Sanusi Garba Rikiji (Zamfara State) as Director-General of the Nigerian Office for Trade Negotiations (NOTN)
- Mrs. Tomi Somefun (Oyo State) as Managing Director of the National Hydro-Electric Power Areas Development Commission (HYPPADEC)
- Dr. Abdulmumini Mohammed Aminu-Zaria (Kaduna State) as Executive Director of the Nigerian Integrated Water Resources Management Commission (NIWRMC)

These appointments reflect President Tinubu's efforts to strengthen key institutions and drive development across various sectors.

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18/07/2025

Labour Party Elects New Interim Leadership

The Labour Party's National Executive Committee (NEC) has elected Senator Usman Nenadi as the party's interim National Chairman and Senator Darlington Nwokocha as the interim National Secretary. The NEC meeting, held in Abuja, paved the way for the party's renewed activities ahead of its national convention.

The newly elected leaders will oversee party activities until the national convention, where a new NEC will be elected. The party has also approved schedules for ward, local government, state, and zonal congresses, as well as the national convention. Guidelines and timelines for these events will be published by the National Secretariat to ensure transparent and democratic elections at all levels.

This development comes as the party seeks to strengthen its structure and position itself for future electoral successes.

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18/07/2025

Naira Shows Stability in Forex Market

The has demonstrated remarkable stability in the foreign exchange market, with a narrow gap between the parallel and official market rates. As of today, the Naira trades at N1,535 to the in the parallel market, just N1 less than the official market rate of N1,536/$1.

This stability is attributed to increased foreign exchange inflows, recent monetary and fiscal reforms, and a boost in foreign reserves, which climbed to $37.78 billion. The Central Bank of Nigeria's efforts to stabilize the Naira and attract foreign investment appear to be yielding positive results.

However, the inflation rate remains a concern, with a rate of 22.22% in June 2025. Despite this, the Naira's stability in the forex market is a welcome development for the Nigerian economy.

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18/07/2025

Tinubu Pays Tribute to Late Business Mogul, Aminu Dantata

President Bola has paid a condolence visit to the family of the late business tycoon and elder statesman, Aminu , in . Tinubu described Dantata as a "titan of integrity, humility, and generosity" whose life was dedicated to service, philanthropy, and devotion to others.

During the visit, Tinubu praised Dantata's selfless service and compassion, saying, "If friendship and goodwill continue into the hereafter, Dantata will be there in the marketplace, feeding the hungry and comforting the sick." He extended his condolences to Dantata's family, the government and people of Kano State, and the entire nation.

Dantata's son, Tajudeen, thanked Tinubu for his visit and support, saying the President's presence showed that the loss was not just that of the family or Kano people, but of the entire nation. The family pledged to uphold Dantata's legacy of service, humility, and philanthropy.

18/07/2025

UNIMED Registrar Assassinated in Ondo State

The Registrar of the University of Medical Sciences (UNIMED), State, Mr. Imole Adeniran, has been confirmed dead after being attacked by unidentified men. According to the police, Adeniran's lifeless body was discovered in his Akure residence on Thursday, July 17, 2025.

The police investigation revealed that two men emerged from a nearby bush and forced a poisonous substance into Adeniran's mouth, leading to his death. The case has been transferred to the State Criminal Investigation Department (SCID) for further investigation.

The university management has confirmed the incident, describing it as shocking and devastating. The management praised Adeniran as a dedicated and hardworking staff member, extending condolences to his family, friends, and the university community.

The police have appealed to anyone with information on the assailants to come forward and assist in the investigation. The circumstances surrounding Adeniran's death remain unclear, and the police are working to apprehend the perpetrators.

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18/07/2025

Tinubu Pledges Support for Akwa Ibom State's Development

President Bola has reaffirmed his administration's commitment to the development of State, assuring the state of continued support and collaboration with the Federal Government. This assurance was made during a meeting with President Godswill , Governor Umo , and two senators from the state, Akpan and Ekong , who recently defected to the All Progressives Congress (APC).

Tinubu praised Governor Eno's , describing it as a strategic complement to the Federal Government's . He emphasized his dedication to inclusive national development and assured the state of continued support.

The meeting also provided an opportunity for the delegation to condole with President Tinubu on the passing of former President Muhammadu , describing his death as a national loss and acknowledging his legacy in strengthening 'sdemocracy.

With this pledge, Akwa Ibom State can expect continued collaboration with the Federal Government on key development projects, driving progress and growth in the state.

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18/07/2025

SUPER FALCONS ON FIRE! Nigeria Thrash Zambia 5-0 in WAFCON Quarterfinals

The Super of are making waves in the 2024 Women's Cup of Nations (WAFCON) with a stunning 5-0 thrashing of in the quarterfinals! This dominant win has secured their spot in the semifinals, and the team is looking fierce.

The Nigerian team showcased their attacking prowess, with Osinachi , Esther , Chinwendu , Tosin , and Ijamilusi scoring the goals. The team's performance was a testament to their hard work and dedication.

The Super Falcons now await their semifinal opponents, either South or Senegal, and are confident about their chances of lifting the trophy. With this win, Nigeria has sent a strong message to their competitors: they're here to win!

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18/07/2025

Peter Obi Donates ₦15 Million to UNN Dentistry Department to Save Accreditation

Former presidential candidate Peter has made a significant donation of ₦15 million to the University of , 's (UNN) Dentistry Department. The donation aims to support the department in maintaining its accreditation status.

This generous contribution highlights Peter Obi's commitment to education and healthcare development in Nigeria. The donation is expected to address some of the department's pressing needs, ensuring it continues to provide quality dental education to its students

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18/07/2025

States Demand Halt to Electricity Act Amendment Over N5 Trillion Subsidy Burden

States in have called for an immediate halt to the ongoing amendment of the Act, warning that it will transfer a massive N5 trillion subsidy burden to already overburdened consumers. The proposed amendment would shift the subsidy burden from the federal government to consumers, resulting in higher electricity tariffs.

The states argue that this move would further strain households and businesses, exacerbating economic challenges. They also express concerns over potential constitutional conflicts and regulatory uncertainty, citing the need for careful consideration and consultation.

18/07/2025

Burkina Faso's Military Government Scraps Electoral Commission

Burkina Faso's military rulers have dissolved the Independent National Electoral Commission (CENI), citing excessive costs and foreign influences. The commission's dissolution shifts control to the interior ministry, which will now oversee electoral affairs.

The decision comes amid concerns over democracy, with human rights groups accusing the military government of suppressing political activity and restricting freedom of expression. The move also extends the transition period, pushing elections from 2024 to July 2029.

This development is part of a broader trend of military leaders in the Sahel region consolidating power, with Burkina Faso strengthening ties with Russia and distancing itself from France, its former colonial power.

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18/07/2025

Meta Apologizes for False Report on Indian Chief Minister's Death

Meta has issued an apology after its auto-translate feature falsely reported the death of Chief Minister Siddaramaiah. The company acknowledged the mistake and expressed regret for the distress caused by the inaccurate report.

The false information was likely due to a translation error or misinformation picked up by the system. Meta is working to improve the accuracy of its auto-translate feature to prevent similar incidents in the future.

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BW Rockers

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