1st OLA-SIL RESOURCES LIMITED

[TheCableIndex @thecableindex]

Lagos and Rivers state collected over half of non-import VAT in June 2026

1. Lagos: N244.49bn
2. Rivers: N92.49bn
3. Oyo: N42.93bn
4. ⁠Delta: N27.45bn
5. ⁠Edo: N17.76bn
6. ⁠FCT: N16.10bn
7. ⁠Adamama: N13.95bn
8. Borno: N11.23bn
9. ⁠Kano: N10.54bn
10. ⁠Kwara: N9.97bn
11. ⁠Bayelsa: N9.88bn
12. ⁠Imo: N9.12bn
13. ⁠Ebonyi: N8.74bn
14. ⁠Ondo: N8.54bn
15. ⁠Anambra: N7.88bn
16. ⁠Kogi: N7.73bn
17. ⁠Ekiti: N6.53bn
18. ⁠Plateau: N6.43bn
19. ⁠Katsina: N6.05bn
20. ⁠Kebbi: N5.06bn
21. ⁠Taraba: N4.70bn
22. ⁠Nasarawa: N4.39bn
23. ⁠Akwa Ibom: N4.31bn
24. ⁠Kaduna: N4.21bn
25. ⁠Gombe: N3.69bn
26. ⁠Jigawa: N3.59bn
27. ⁠Sokoto: N3.43bn
28. ⁠Benue: N2.87bn
29. ⁠Zamfara: N2.70bn
30. ⁠Niger: N2.67bn
31. ⁠Cross River: N2.66bn
32. Enugu: N2.66bn
33. ⁠Ogun: N2.28bn
34. ⁠Yobe: N2.22bn
35. Osun: N1.84bn
36. Bauchi: N1.39bn
37. Abia: N720.06m

Total: N613.22bn

<FAAC, TheCableIndex>
#TheCableIndex

[TheCableIndex @thecableindex]

What the six geo-political zones contributed to the VAT pool and received in H1 2026 (Jan-Jun)

1. South-west
Contributed: N2.16trn
Received: N691.56bn (31.99%)

2. South-south
Contributed: N880.58bn
Received: N429.99bn (48.83%)

3. North-central
Contributed: N302.81bn
Received: N350.17bn (115.64%)

4. North-west
Contributed: N205.52bn
Received: N384.56bn (187.11%)

5. North-east
Contributed: N152.82bn
Received: N285.70bn (186.95%)

6. South-east
Contributed: N79.27bn
Received: N230.89bn (291.28%)

<FAAC, TheCableIndex>
#TheCableIndex

[Lamine Yamal 🇪🇸 @LamineYamal1_0]

Alhamdulillah 🤲

[TheCableIndex @thecableindex]

VAT generated by Nigeria’s states and the FCT in H1 2026 (Jan-Jun)

1. Lagos: N1.81trn
2. ⁠Rivers: N560.04bn
3. ⁠Oyo: N253.67bn
4. ⁠FCT: N182.93bn
5. ⁠Bayelsa: N103.14bn
6. ⁠Delta: N102.06bn
7. ⁠Kano: N65.21bn
8. ⁠Akwa Ibom: N52.89bn
9. ⁠Edo: N51.91bn
10. ⁠Borno: N38.38bn
11. ⁠Adamawa: N36.69bn
12. ⁠Ondo: N34.22bn
13. ⁠Kwara: N33.58bn
14. ⁠Jigawa: N33.23bn
15. ⁠Ogun: N26.43bn
16. ⁠Katsina: N25.82bn
17. ⁠Gombe: N25.78bn
18. ⁠Anambra: N24.55bn
19. ⁠Sokoto: N23.96bn
20. ⁠Plateau: N23.37bn
21. ⁠Taraba: N22.14bn
22. ⁠Kaduna: N21bn
23. ⁠Zamfara: N20.74bn
24. ⁠Ekiti: N20.44bn
25. ⁠Ebonyi: N18.96bn
26. ⁠Kogi: N18.15bn
27. ⁠Yobe: N16.43bn
28. ⁠Nasarawa: N16.35bn
29. ⁠Kebbi: N15.55bn
30. ⁠Imo: N14.64bn
31. ⁠Niger: N14.32bn
32. ⁠Benue: N14.10bn
33. ⁠Bauchi: N13.39bn
34. ⁠Osun: N13.25bn
35. ⁠Enugu: N12.35bn
36. ⁠Cross River: N10.55bn
37. ⁠Abia: N8.77bn

Total: N3.78trn

<FAAC, TheCableIndex>
#TheCableIndex

[Nigeria Stories @NigeriaStories]

Full list of Malami properties listed by EFCC’s interim forfeiture order marked FHCIABJ/CS/20/2026:

1. Luxury duplex at Amazon Street, Plot No. 3011, Cadastral Zone A06, Maitama, Abuja (purchased in December 2022 for N500 million; enhanced value: N5.95 billion).

2. Two-winged storey building at No. 3, Onitsha Crescent, Area 11, Garki, Abuja (formerly Harmonia Hotels Limited), purchased in December 2018 for N7 billion.

3. Plot 683, Jabi District, Cadastral Zone B04, Abuja, comprising a five-storey building now operating as Meethaq Hotels Ltd with 53 rooms and suites (purchased in September 2020 at carcass level for N850 million, with an additional N300 million paid to take possession; current value: N8.4 billion).

4. Property No. 3130, Cadastral Zone A04, Asokoro District, Abuja, comprising terraces, purchased in January 2021 for N360 million.

5. Meethaq Hotels Limited, No. 3 Rhine Street, Maitama, Abuja, with 15 rooms (purchased in February 2018 for N430 million; current value after rehabilitation: N12.95 billion).

6. Plot No. 1241B, Asokoro District (No. 11A Yakubu Gowon Crescent), Abuja, purchased in July 2021 for N325 million.

7. Shop No. C82, Citiscape-Shariff Plaza, Plot 739, Aminu Kano Crescent, Wuse II, Abuja, purchased in March 2024 for N120 million.

8. No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, purchased in December 2022 for N300 million.

9. Plot 157, Lamido Crescent, Nasarawa GRA, Kano, purchased in July 2019.

10. Plaza, commercial toilets, laundry, warehouses and tanks adjacent to Birnin Kebbi Market, valued at N100 million.

11. One hundred hectares of land along Birnin Kebbi-Jega Road, purchased in 2020 for N100 million.

12. Four-bedroom bungalow at Gesse Phase, Birnin Kebbi, purchased in 2023 for N101 million.

13. Shops A36 and B3, Vegas Mall, Wuse II, Abuja, purchased in July 2023 for N158 million.

14. No. 26, Babbi Drive, BUA Estate, Abuja, purchased in 2022 for N136 million.

15. No. 27, Efab Estate Avenue, 5th Avenue, 59th Crescent, Gwarinpa, Abuja, purchased in January 2016 for N120 million.

16. Four-bedroom bungalow with two-room boys’ quarters at No. 10B, Doka Crescent, Abakpa GRA, Kaduna, purchased in January 2018 for N40 million.

17. Plot No. 13, Ipent 7 Estate, Karsana District, Abuja, purchased in June 2018 for N85 million.

18. Duplex with boys’ quarters at No. 12 Yalinga Street, off Adetokunbo Ademola Crescent, Wuse II, Abuja, purchased in October 2018 for N150 million.

19. Warehouse shops B40 and B46, Wuse Market, Abuja, purchased in July 2020 for N50 million.

20. Twin houses at Zone E, Apo Legislative Quarters, Plot 14014, Gudu District, Abuja, purchased between February and May 2017 for N250 million.
Properties acquired by Khadimiyya for Justice & Development Initiative, Academic Garden City, Birnin Kebbi

21. Nine units of three-bedroom bungalows.

22. Three units of two-bedroom bungalows.

23. 5.4 hectares of land (acquired between February and September 2023 for N187 million).
Rayhaan University, Kebbi State

24. Permanent site – N56 billion.

25. Temporary site – N37.8 billion.
26. Third site – N2.45 billion.
27. Vice-Chancellor’s residence – N490 million.
Rayhaan Agro Allied Factory, Kebbi State

28. Factory buildings – N4.2 billion.
29. Factory machines and plant – N10.5 billion.

30. Factory mosque – N2.45 billion.

31. Staff quarters – N1.4875 billion.

32. Bustan building – N3.15 billion.
Azbir Arena, Kebbi State

33. Azbir Hotel – N10.325 billion.
34. Printing press – N1.05 billion.
35. Gallery – N581 million.
36. Gardens – N392 million.
37. Mosque – N252 million.
38. Azbir Clothing – N350 million.
39. Azbir Pharmacy and Supermarket – N175 million.
Other properties in Kebbi State

40. Al-Afiya Energy tanker garage opposite Rayhaan University Health Centre, Birnin Kebbi – N2.45 billion.

41. Rayhaan Model Academy – N11.2 billion.

42. Rayhaan Primary and Secondary School – N8.75 billion.

43. Rayhaan Security House, Birnin Kebbi – N245.7 million.

44. Rayhaan Radio, Birnin Kebbi – N78.75 million.

45. Uncompleted two-storey plaza opposite Central Motor Park (Eastern Park), Birnin Kebbi – N665 million.

46. Amasdul Oil and Gas Ltd filling station structure along Sani Abacha Bypass, Birnin Kebbi – N1.05 billion.

47. Malami Support Organisation building – N210 million.

48. ADC Kadi Malami Foundation building – N56 million.

49. Abubakar Malami (SAN)’s house, GRA, Birnin Kebbi – N350 million.

50. Abubakar Malami (SAN)’s house behind Mobil, Birnin Kebbi – N490 million.

51. Abdulaziz Malami’s house at Gesse Phase II, Birnin Kebbi – N1.659 billion.

52. Abiru-Rahman Abubakar Malami’s house at Gesse Phase II, Birnin Kebbi – N2.989 billion.
Properties in Kano State

53. Zeennoor Hotel, Kabuga Satellite Town, Kano, with 131 rooms – N11.2 billion.

54. Zeennoor Mosque, Kabuga Satellite Town, Kano – N84 million.

55. Zeennoor Old Hotel Building – N280 million.

56. Rayhaan Hotel, opposite Aminu Kano Teaching Hospital, Kano, comprising more than 50 rooms – N2.24 billion.

57. Rayhaan Gym, opposite Rayhaan Hotel, Kano – N1.225 billion

[Nigeria Stories @NigeriaStories]

BREAKING: French company, Canal+ has completed the acquisition of MultiChoice, the parent company of DSTV and GOtv for $3 billion.

[Nigeria Stories @NigeriaStories]

BREAKING: Federal Government grants Shell $11.5/barrel tax credit to unlock $20bn investment

[BRICS News @BRICSinfo]

JUST IN: 🇮🇷 Iran says "Moses, Jesus, David, and Solomon stand behind the monotheistic nation of Iran."

[DMO Nigeria @DMONigeria]

FGN BOND BY AUCTION (JULY 2026)

On behalf of the Federal Government of Nigeria (FGN), we are offering for subscription via auction the following FGN Bond offerings detailed in the Offer Circular below.

Auction date: July 20, 2026.

[Taiwo Oyedele @taiwoyedele]

𝐍𝐈𝐆𝐄𝐑𝐈𝐀 𝐀𝐍𝐃 𝐇𝐎𝐍𝐆 𝐊𝐎𝐍𝐆 𝐒𝐈𝐆𝐍 𝐀𝐆𝐑𝐄𝐄𝐌𝐄𝐍𝐓 𝐓𝐎 𝐄𝐋𝐈𝐌𝐈𝐍𝐀𝐓𝐄 𝐃𝐎𝐔𝐁𝐋𝐄 𝐓𝐀𝐗𝐀𝐓𝐈𝐎𝐍, 𝐃𝐄𝐄𝐏𝐄𝐍 𝐄𝐂𝐎𝐍𝐎𝐌𝐈𝐂 𝐓𝐈𝐄𝐒

Abuja, Nigeria — 13 July 2026 - The Federal Republic of Nigeria and the Hong Kong Special Administrative Region of the People's Republic of China today concluded a landmark Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance, at a virtual signing ceremony held earlier today.

The Agreement was signed on behalf of Nigeria by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, and on behalf of the Hong Kong Special Administrative Region by Mr Christopher Hui, Secretary for Financial Services and the Treasury.

Speaking at the ceremony, the Minister described the Agreement as another significant milestone in the growing economic and commercial relationship between Nigeria and Hong Kong, and a reflection of Nigeria's continued commitment to building a transparent, predictable, and investor-friendly tax environment that supports trade, investment, and sustainable economic growth. He noted that, although the event was held virtually, its significance was no less profound, underscoring both jurisdictions' shared commitment to strengthening economic cooperation and creating a more conducive environment for cross-border trade and investment.

The Minister further observed that the conclusion of the Agreement is particularly timely, coming as Nigeria continues to deepen its integration into global value chains and expand its economic partnerships across Asia. He described Hong Kong as a leading international financial and commercial hub and a gateway for investment and trade opportunities, expressing confidence that the treaty will facilitate increased engagement between the private sectors of both jurisdictions and open new avenues for mutually beneficial partnerships.

The Minister commended the negotiation teams from both sides for their professionalism, dedication, and constructive spirit throughout the negotiation process, noting that their efforts produced a balanced and forward-looking Agreement reflecting international best practice while safeguarding the legitimate interests of both jurisdictions.

On behalf of the Government and people of the Federal Republic of Nigeria, the Minister extended appreciation to the Government of the Hong Kong Special Administrative Region and to all stakeholders who contributed to the successful conclusion of the Agreement.

𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭:

The Agreement is designed to eliminate the double taxation of income earned across both jurisdictions, prevent tax evasion and avoidance, and provide greater certainty for businesses and investors operating between Nigeria and Hong Kong. It forms part of Nigeria's broader strategy of expanding its network of tax treaties to support trade, attract investment, and strengthen international tax cooperation.

Federal Ministry of Finance
Abuja, Nigeria

[Nigeria Stories @NigeriaStories]

BREAKING: Nigeria’s oil production output hits 74-month high and beats OPEC quota

[Channels Television @channelstv]

Appeal Court Bars INEC From Recognising Mark-Led ADC Congresses

In a split decision of two-to-one, the Court of Appeal, Abuja, has affirmed the judgment restraining the Independent National Electoral Commission from recognising or participating in any state congresses organised by committees appointed by the David Mark-led caretaker leadership of the African Democratic Congress (ADC).

https://t.co/7VgwTpWYL4

[Lere Olayinka - Aresa 1 @OlayinkaLere]

BREAKING:
Appeal Court Affirms Federal High Court Judgment Barring INEC From Recognising, Participating In Congresses Organised by David Mark-led leadership of ADC
...Dismisses David Mark, Aregbesola’s Appeal For Lacking Merit, Awards N10m Cost Against Them

[U.S. Central Command @CENTCOM]

The Strait of Hormuz is open to all vessels seeking to lawfully transit the international waterway. U.S. forces are positioned and prepared to ensure that freedom of navigation remains available despite unwarranted Iranian aggression, harassment, threats, and arbitrary declarations. Iran does not control the strait. Traffic is flowing.

[Senior Pastor Okezie James Atañi @Onsogbu]

VIDEO: Defence headquarters shares footage of how security forces secured release of Ogbomoso schoolchildren, teachers

[1st OLA-SIL RESOURCES LIMITED @OlaLimited]

https://t.co/TNVdi7BGcb

[A. Ayofe @abdullahayofel]

Kidnapped Oyo: HAPPENING NOW - The Rescue Team Just Passing Takie Roundabout, Ogbomoso, Oyo State

[Nigeria Stories @NigeriaStories]

No ransom was paid for Oyo state abducted School students and teachers.

~ Governor Makinde says

[Bayo Bilisi (Back Up) @Bayo_Bilisi]

The rescue team being hailed by residents. YORÙBÁ land is not Chibok.

Thank you PBAT

[SODAX @gosodax]

With wrapped tokens you start with zero liquidity and start the long game of incentivization.

With sodaVariants you inherit the liquidity that's already there.

Here's the difference, and why it matters for every app reliant on their own incentivized pools.

[Ayekooto @DeeOneAyekooto]

“We will use this opportunity to thank our service commanders, the Nigerian police, DSS, the military, and of course, the president (Tinubu) for pushing really hard to get this done.”

Seyi Makinde