Nigeria's distributable government revenues rose to in May from 415.7 billion naira in April due to higher proceeds from corporate taxes, a government statement said during the Federal Accounts Allocation Committee (FAAC) meeting on Thursday.

The Managing Director of Capital Oil, Patrick Ifeanyi Ubah has been released unconditionally from custody by officials of Department of State Services after a "no case" was established at the end of investigation.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed that the Federal Government is targeting about $8billion annual foreign exchange from the export of yams to other countries, if the yam export programme succeeds.

Reports at the disposal of vigil 360 indicate that a consortium of banks, led by Access Bank PLC and other foreign banks, has taken over the management of Etisalat Nigeria, effective June 15.

The Nigerian Independent Petroleum Company (NIPCO) Plc has launched a 4.84 billion naira ($16m) offer for the shares it needs to take its stake in Mobil Oil to 70 percent to comply with Nigerian takeover rules, its advisers said on Wednesday.

Reports indicate that the price of cooking gas may have dropped by 16% owing to improved supply and distribution of the products across the country. According to Vanguard, a market survey carried out around Lagos and its environ indicated that the price of 12.5 Kg which was initially sold for N4, 500 in May 2017 has dropped to about N3, 800.

The World Bank has approved a credit of $961 million to support Nigeria in bringing back out-of-school children into the classrooms.

The Nigerian Government has unveiled a $300 million World Bank loan facility to support new housing scheme known as the National Housing Finance Programme (NHFP). The International Development Association (IDA) loan is a credit facility with 40 years repayment period.

Minister of Transportation, Chubuike Amaechi, has disclosed that the ministry would purchase four new additional locomotives to enhance movement of goods and passengers along Abuja-Kaduna rail route.

The Nigerian National Petroleum Corporation (NNPC) has reportedly crashed the price of Automotive Gasd Oil (AGO) popularly known as Diesel by a whopping 42%. The NNPC made this known on Sunday in a statement issued by Ndu Ughamadu, the Group General Manager, Group Public Affairs Division.