Economy
FG, States, LGAs Share N1.703trn as January 2025 Revenue Rises 19%
By Adedapo Adesanya
The federal government, the 36 states, and the 774 local government areas of the federation have shared a total of N1.703 trillion in revenue generated in January 2025.
This amount represents an increase of 19.6 per cent or N279 billion from the N1.424 trillion generated in December 2024.
This is according to a press release by the Director (Press and Public Relations) at the Office of the Accountant General of the Federation, Mr Bawa Mokwa, on Thursday,
The N1.703 trillion total distributable revenue comprises N749.727 billion in statutory revenue, N718.781 billion in Value Added Tax revenue, N20.548 billion from the Electronic Money Transfer Levy, and N214 billion in augmentation.
The statement was based on a communique issued by the Federation Account Allocation Committee (FAAC) after its monthly meeting for February 2025.
It noted that the total gross revenue amounted to N2.641 trillion, which was slightly higher than the N2.310 trillion recorded in the previous month.
The total deduction for cost of collection was N107.786 billion while total transfers, interventions, refunds and savings was N830.663 billion.
It was disclosed that the federal government received N552.591 billion, state governments were allocated N590.614 billion, and the Local Government Councils received N434.567 billion, while an additional N125.284 billion was shared with benefiting states as derivation revenue as 13 per cent of mineral revenue.
The statement further noted that the gross statutory revenue for the month under review stood at N1.848 trillion, an increase of N622.125 billion from the N1.226 trillion recorded a month earlier.
Gross VAT revenue for the month was N771.886 billion, rising by N122.325 billion from N649.561 billion in December.
From the N749.727 billion statutory revenue, the federal government got N343.612bn, the state governments were given N174.285 billion, and the councils received N134.366 billion, while N97.464 billion was also allocated to states benefiting from derivation revenue.
Further, from the N718.781 billion VAT revenue, the federal government received N107.817 billion, state governments were got N359.391 billion, and Local Government Councils shared N251.573 billion.
For the N20.548 billion Electronic Money Transfer Levy (EMTL), the federal government received N3.082 billion, state governments received N7.192 billion, and Local Government Councils received N10.274 billion.
The N214 billion augmentation was shared with the federal government receiving N98.080 billion, state governments receiving N49.747 billion, and Local Government Councils receiving N38.353 billion, while N27.820 billion was shared among the benefiting states as derivation revenue.
The communique also highlighted increases in collections from VAT, Petroleum Profit Tax, Companies Income Tax, Excise Duty, Import Duty, and CET Levies, while there was a significant decrease in EMTL and Oil and Gas Royalty receipts.
Economy
Coronation Projects 15.95% for Nigeria’s April 2026 Inflation
By Aduragbemi Omiyale
Analysts at Coronation Research have said the inflation rate in Nigeria would be at 15.95 per cent on a year-on-year basis in April 2026 as a result of the “energy price shock stemming from the continued conflict in the Middle East, seasonal issues in regard to food prices and relative exchange rate stability.”
In a note sighted by Business Post on Friday, the research arm of the organisation further disclosed that the average price of goods and services for the month under review should rise by 2.35 per cent on a month-on-month basis versus 4.18 per cent in March 2026, reflecting continued food price firmness, offset by a cooling in the monthly inflation momentum as the March energy price shock partially unwinds.
It said the projected 2.35 per cent inflation rate signals a return toward the underlying disinflation trajectory and could be a pivotal data point in shaping Monetary Policy Committee (MPC) deliberations at the next policy meeting.
The National Bureau of Statistics (NBS) is expected to release inflation numbers for last month later today. In March 2026, the rate soared by 15.38 per cent, triggered by the war in Iran waged by the United States.
Food inflation rate in March stood at 14.31 per cent on a year-on-year basis versus 25.22 per cent in the same month of last year, but on a month-on-month basis, it slowed to 4.17 per cent from the 4.69 per cent achieved in February 2026.
This was attributed to the rate of change in the average prices of Yam, Ginger (Fresh), Cassava Tuber, Groundnuts (Shelled), Irish Potatoes, Avenger (Ogbono/Apon) – Dried Ungrinded, Tomatoes (fresh), Cassava Flour sold loose, etc, according to the stats office.
In their report, Coronation Research expects food inflation to further ease, as food and non-alcoholic beverages remain the dominant contributor to headline CPI, accounting for about 40 per cent of the CPI basket.
Economy
Unlisted Securities Market Further Suffers 0.33% Loss
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange further depreciated by 0.33 per cent on Wednesday, May 14, with the Unlisted Security Index (NSI) down by 13.76 points to 4,130.21 points from the previous day’s 4,143.97 points, and the market capitalisation dropping N8.23 billion to close at N2.471 trillion compared with Wednesday’s N2.479 trillion.
The unlisted securities market ended yesterday’s session with four price losers and one price gainer, led by Food Concepts Plc, which chalked up 9 Kobo to sell at N2.35 per unit, in contrast to midweek’s closing price of N2.26 per unit.
On the flip side, FrieslandCampina Wamco Plc depreciated by N1.58 to quote at N144.76 per share versus N146.34 per share, Central Securities and Clearing System (CSCS) Plc crumbled by N1.00 to trade at N71.00 per unit versus N72.00 per unit, First Trust Mortgage Bank Plc slid by 25 Kobo to N2.27 per share from N2.52 per share, and UBN Property Plc declined by 21 Kobo to N2.04 per unit from N2.25 per unit.
During the trading day, the volume of securities traded decreased by 70.2 per cent to 417,349 units from 1.4 million units, the value of securities dropped 36.9 per cent to N23.2 million from N36.8 million, and the number of deals stumbled by 13.9 per cent to 31 deals from 36 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by CSCS Plc with 60.7 million units exchanged for N4.1 billion, and Okitipupa Plc with 27.9 million units traded for N1.9 billion.
GNI Plc was also the most active stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Resourcery Plc with 1.1 billion units sold for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units sold for N1.2 billion.
Economy
Mobile-First Platforms Like DeFi Hash Reflect Growing Investor Interest in AI-Driven Cloud Infrastructure and Automated Digital Asset Engagement
As the cryptocurrency market enters a new phase of global growth, investor behavior is moving beyond the “buy and hold” strategy common in previous cryptocurrency cycles. Across the digital asset industry, a growing number of users are exploring AI-driven cloud infrastructure, automated computing systems, and mobile-based digital engagement models.
Industry analysts say the convergence of AI and blockchain infrastructure is becoming one of the defining trends of 2026.
With the accelerating global demand for AI computing resources, technology companies around the world are investing heavily in cloud infrastructure, data centers, and intelligent automation systems. Meanwhile, blockchain-based infrastructure platforms are increasingly positioning themselves at the intersection of decentralized finance, cloud computing, and AI-driven resource management.
Among the many emerging platforms, DeFi Hash is attracting significant attention. DeFi Hash is a mobile-centric digital infrastructure platform focused on intelligent cloud computing services and automated infrastructure engagement.
The Transition to AI-Driven Digital Infrastructure
For years, many cryptocurrency investors have relied primarily on market appreciation and speculative trading opportunities. However, the evolving market environment and the rapid development of artificial intelligence are prompting a shift towards infrastructure-centric platforms that offer alternative participation models.
Users no longer need to purchase expensive mining hardware or manage physical systems; instead, they are increasingly seeking simplified, mobile-accessible solutions for remote participation in digital infrastructure.
DeFi Hash states that its platform aims to lower traditional barriers to entry by combining cloud architecture, automation, and distributed infrastructure systems to create a seamless user experience. These platforms are accessible via mobile devices and web platforms.
According to company information, the platform has attracted over 3.5 million registered users globally.
Flexible Participation Options
To encourage new user onboarding and streamline the access process, DeFi Hash offers various infrastructure participation models and cloud-based automated contracts.
The company states that new registered users receive promotional rewards upon registration and can participate in an entry-level program designed for short-term participation.
The platform also offers various infrastructure contract categories designed to meet the needs of different participation levels.
Stable Return Contracts
Contract Range: $500 – $2,600
Estimated Daily Return: $6.25 – $36.40
Contract Duration: 7 – 15 days
Estimated Total Return: $43 – $546
Professional Profit Contracts
Contract Range: $5,000 – $15,000
Estimated Daily Return: $77.50 – $270
Contract Duration: 20 – 25 days
Estimated Total Return: $1,550 – $6,750
Advanced Long-Term Profit Contracts
Contract Range: $30,000 – $150,000
Estimated Daily Return: $570 – $3,750
Contract Duration: 30 – 45 days
Estimated Total Return: $17,100 – $168,750
The company states that users can choose one or more participation options based on their own strategies and goals.
The convergence of artificial intelligence and blockchain is expected to accelerate.
Industry insiders believe that the integration of artificial intelligence infrastructure and blockchain-based computing networks may become one of the most influential technological developments in the coming years.
With the global proliferation of artificial intelligence, the demand for scalable computing resources and automated digital infrastructure services is expected to continue to grow. Platforms integrating blockchain, cloud computing, and intelligent automation technologies will play an increasingly important role in shaping the future digital economy.
DeFi Hash states that its goal is to make cloud projects more accessible to ordinary users worldwide while continuously expanding its AI-driven infrastructure ecosystem.
For more information, please visit the company website or mobile app download page.
Official Website: https://defihash.com/
Mobile App Download: https://defihash.com/download/
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