The Federal Government, state governments and local government councils have shared a total of ₦2.428 trillion from the Federation Account and Value Added Tax (VAT) revenue for September 2026.....KINDLY READ THE FULL STORY HERE▶

The amount represents an increase of ₦90 billion compared with the ₦2.338 trillion distributed among the three tiers of government in August, despite declines in revenue from some sources, including Company Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and VAT.

According to a communiqué issued after the Federation Account Allocation Committee (FAAC) meeting in Abuja, the total allocation comprised ₦1.672 trillion from statutory revenue and ₦756.587 billion from VAT.

The Federal Government received ₦832.242 billion, while state governments were allocated ₦799.872 billion. Local government councils received ₦560.660 billion.

In addition, ₦236.049 billion was distributed among states entitled to the 13 per cent derivation fund from mineral resources.

The communiqué indicated that the Federal Government received ₦756.583 billion from statutory revenue, while state governments got ₦383.749 billion.

Local government councils received ₦295.855 billion from the statutory revenue allocation, while the benefiting states shared ₦236.049 billion as derivation revenue.

From the VAT proceeds, the Federal Government received ₦75.659 billion. State governments were allocated ₦416.123 billion, while local government councils received ₦264.805 billion.

Government Revenue Rises As VAT Earnings Decline

FAAC disclosed that total gross revenue generated in September amounted to ₦3.913 trillion.

Of the total revenue, ₦131.758 billion was deducted as the cost of collection, while ₦1.352 trillion was allocated to transfers, refunds and savings.

Gross statutory revenue increased to ₦3.096 trillion in September, up from ₦2.850 trillion recorded in August. This represents a rise of ₦246.384 billion.

However, gross VAT revenue fell to ₦816.872 billion from ₦834.843 billion in August, representing a decline of ₦17.972 billion.

According to FAAC, revenue from Petroleum Profit Tax, Hydrocarbon Tax, petroleum royalties, import duty, Common External Tariff levies and excise duty recorded significant increases during the month.

In contrast, collections from Company Income Tax, Capital Gains Tax, Stamp Duties, VAT, mineral royalties, gas-flaring penalties and fees, as well as other oil revenue, declined.

Despite the reduction in VAT earnings and revenue from several other sources, the increase in statutory revenue contributed to the higher allocation shared by the Federal Government, state governments and local government councils in September 2026.

Lyon took the lead in the 10th minute when Corentin Tolisso reacted quickly to a loose ball following a corner kick.....KINDLY READ THE FULL STORY HERE▶

The French side extended their advantage in first-half stoppage time, with Ernest Nuamah finishing off Keito Nakamura’s cross after an impressive attacking move.

Crystal Palace reduced the deficit shortly after the restart through Yeremy Pino, who converted a well-executed set-piece routine.

However, Lyon restored their two-goal advantage when Pavel Sulc scored with a close-range flick.

Daichi Kamada brought Palace back into contention with nine minutes remaining, but Lyon defended their lead to secure their second consecutive victory in the league phase.

Sunderland Snatch Dramatic Late Victory

Sunderland produced a late comeback to defeat Torreense 2-1 in Portugal, with Noah Sadiki scoring the decisive goal in the 93rd minute.

The hosts took the lead in the 37th minute after Volnei Feltes beat his marker before unleashing a long-range effort beyond Sunderland goalkeeper Robin Roefs.

Sunderland manager Regis Le Bris responded by introducing Granit Xhaka and Enzo Le Fee shortly before the hour mark, helping his side regain control of the contest.

Jules Ahoka subsequently equalised for the visitors before Sadiki struck deep into stoppage time to complete the comeback.

The closing stages were marked by a lengthy VAR review that ultimately denied Sunderland a late penalty, but the visitors still left Portugal with all three points.

Leverkusen, AC Milan Record Convincing Wins

Bayer Leverkusen moved to the top of the standings after defeating Lech Poznan 4-0.

Patrik Schick scored twice from the penalty spot in the first half, while Malik Tillman also found the net before the interval. Ibrahim Maza completed the scoring late in the game.

AC Milan recorded an identical scoreline away against Salzburg, with teenage forward Alphadjo Cisse netting a hat-trick. Goncalo Ramos added the fourth goal in the 72nd minute.

However, Filippo Terracciano’s red card took some shine off Milan’s emphatic victory.

Other Europa League Results

Elsewhere, Bournemouth defeated Sturm Graz 3-0, while Juventus claimed a 2-1 away victory over Celta Vigo. Olympiacos also secured a narrow 1-0 win against Marseille.

Real Sociedad were held to a 1-1 draw by Union Saint-Gilloise, while Dinamo Zagreb defeated Anderlecht 1-0.

Benfica cruised to a 4-1 victory over Celtic, AZ Alkmaar beat Hapoel Be’er Sheva 2-1, and Besiktas edged Hoffenheim 3-2 away from home.

Other results saw Celje lose 0-3 to Omonia, Ferencvaros defeat Plzen 2-1, Jagiellonia beat Ararat-Armenia 3-1, and Nijmegen draw 1-1 with Levski Sofia.

2026/2027 Europa League Matchday 2 Results

• AZ Alkmaar 2-1 Hapoel Be’er Sheva
• Celje 0-3 Omonia
• Lech Poznan 0-4 Bayer Leverkusen
• Lyon 3-2 Crystal Palace
• Union Saint-Gilloise 1-1 Real Sociedad
• Salzburg 0-4 AC Milan
• Sparta Prague 1-1 Lillestrom
• Torreense 1-2 Sunderland
• Benfica 4-1 Celtic
• Bournemouth 3-0 Sturm Graz
• Celta Vigo 1-2 Juventus
• Dinamo Zagreb 1-0 Anderlecht
• Ferencvaros 2-1 Plzen
• Hoffenheim 2-3 Besiktas
• Jagiellonia 3-1 Ararat-Armenia
• Marseille 0-1 Olympiacos
• Nijmegen 1-1 Levski Sofia

The All Progressives Congress (APC) has proposed a schedule for President Bola Tinubu’s campaign rallies across 12 states ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

According to the proposed timetable, the campaign is expected to commence in Kaduna State on October 24, 2026, and conclude with a grand rally in Lagos State on January 9, 2027.

reports that the planned rallies will cover Nigeria’s six geopolitical zones, with Tinubu scheduled to attend campaign events in 12 locations across the country.

Other proposed destinations include Port Harcourt, Jos, Ibadan, Maiduguri, Enugu, Bauchi, Sokoto, Asaba, Kano and Yola.

Full List of Proposed Campaign Dates and Locations

The proposed timetable outlines the following dates and venues for Tinubu’s campaign appearances:

1. Kaduna, Kaduna State – Saturday, October 24, 2026
2. Port Harcourt, Rivers State – Saturday, November 7, 2026
3. Jos, Plateau State – Saturday, November 14, 2026
4. Ibadan, Oyo State – Saturday, November 21, 2026
5. Maiduguri, Borno State – Wednesday, November 25, 2026
6. Enugu, Enugu State – Saturday, November 28, 2026
7. Bauchi, Bauchi State – Sunday, November 29, 2026
8. Sokoto, Sokoto State – Friday, December 4, 2026
9. Asaba, Delta State – Saturday, December 12, 2026
10. Kano, Kano State – Thursday, December 17, 2026
11. Yola, Adamawa State – Monday, January 4, 2027
12. Lagos, Lagos State – Saturday, January 9, 2027

Momodu Questions Tinubu’s Commitment to Free and Fair Elections

Meanwhile, a chieftain of the African Democratic Congress (ADC), Dele Momodu, has expressed doubts about President Tinubu’s commitment to conducting free and fair elections in 2027, claiming that even some of the President’s supporters harbour similar concerns.

reports that the veteran journalist made the remarks during an interview on Arise News’ Prime Time programme.

Momodu alleged that some Nigerians fear Tinubu might be unwilling to relinquish power if he loses the next presidential election.

He, however, insisted that Nigerians would resist any attempt by the President to remain in office after an electoral defeat.

The ADC chieftain further claimed that some governors elected on the APC platform, alongside judges and legislators, were apprehensive about the possible outcome of the 2027 elections.

Speaking during the interview, Momodu said many Nigerians would question whether Tinubu could be trusted to oversee a credible and transparent electoral process.

He argued that some supporters of the President were confident of victory but, according to him, struggled to explain the basis for their optimism beyond their belief in Tinubu’s political influence.

Momodu also maintained that his confidence in the opposition’s efforts was not based solely on his party, but on what he described as the growing determination of ordinary Nigerians who do not want Tinubu to secure another term.

He recalled Tinubu’s political struggle to win a second term as governor of Lagos State, suggesting that opposition figures were also working behind the scenes to challenge his bid for re-election as President.

The ADC chieftain added that some political figures who publicly support Tinubu were allegedly concerned about the current political climate but were reluctant to express their reservations openly.

He concluded by describing the President’s position within the political establishment as one that many were unwilling to challenge directly.

Momodu’s remarks reflect his personal assessment of the political atmosphere ahead of the 2027 elections and his criticism of the Tinubu administration.