RateGain And Duetto Partner To Power Autonomous, Real-Time Revenue Optimization For Hotels Worldwide

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RateGain And Duetto Partner To Power Autonomous, Real-Time Revenue Optimization For Hotels Worldwide

SAN FRANCISCO — June, 2026 — Duetto, a leading provider of
revenue and profit software, today announced a strategic partnership
with RateGain Travel Technologies Limited (NSE: RATEGAIN), a global
provider of AI-powered technology solutions for the hospitality and
travel industry.

By combining RateGain’s AI-powered channel manager with Duetto’s
industry-leading Revenue & Profit Operating System, hoteliers can
benefit from automated, real-time rate updates across all distribution
channels, powered by advanced forecasting and price optimization.
Hoteliers will also benefit from restriction controls at every level of
granularity, creating significant operational efficiencies.

As part of this collaboration, RateGain has been named a Preferred
Partner of Duetto, delivering the most robust and feature-rich channel
manager integration available on the platform, a distinction no other
channel manager currently holds.

RateGain’s channel manager enables hoteliers to seamlessly manage
online distribution across 400+ demand partners. Powered by Agentic ARI,
it is the industry’s first channel manager built on intelligent ARI
logic that prioritizes rate and inventory updates based on booking
urgency and commercial impact. It delivers higher revenue, greater
operational reliability, and faster market agility. Designed for
efficiency, the platform is intuitive, self-serve, and fully automated
— reducing manual effort and saving crucial time across product setup,
mapping, and rate distribution.

Duetto’s Revenue & Profit Operating System (RP-OS) drives unreal hotel
performance by turning insight into smarter commercial decisions. Their
product suite helps hotels, casinos and resorts capture more demand,
protect their strategy, and prove business impact with profit
benchmarking through HotStats. This integration will be a powerful
partner to Duetto’s intelligent pricing and profit software, helping
hoteliers engineer overall hotel performance.

Also read: https://brandspurng.com/2026/06/16/stanbic-ibtc-pioneers-digital-supply-chain-financing-in-nigeria-through-cycleflow-partnership/

Alex Zoghlin, CEO of Duetto, commented on the integration, “By pairing
Duetto’s RP-OS with RateGain’s comprehensive channel manager, hotels can
drive more direct bookings while engineering for profitability across
their entire distribution strategy.”

Bhanu Chopra, Founder and Managing Director of RateGain, said, “This
integration marks a significant step forward in the future of hotel
distribution. With Agentic ARI, we empower hotels to execute revenue
strategies in real time across every channel, without friction. By
combining our AI-powered channel manager with Duetto’s RP-OS, we
deliver a fully automated, scalable solution that enables hoteliers to
optimize revenue across 400+ channels and reach new travelers faster and
more profitably.”

This partnership underscores both companies’ commitment to innovation
and their shared vision of empowering hotels with smarter, faster, and
more dynamic solutions to meet the evolving demands of the global
hospitality market.

RateGain And Duetto Partner To Power Autonomous, Real-Time Revenue Optimization For Hotels WorldwideRateGain And Duetto Partner To Power Autonomous, Real-Time Revenue Optimization For Hotels Worldwide

About Duetto

Duetto drives unreal hotel performance by turning insight into smarter
commercial decisions with the Revenue & Profit Operating System (RP-OS).

Serving over 20,000+ properties worldwide, Duetto helps hotels, casinos
and resorts capture more demand, protect their strategy, and prove
business impact with profit benchmarking through HotStats.

Duetto’s product suite spans intelligent pricing, demand signals,
forecasting, group business management, and P&L benchmarking, allowing
commercial teams to optimize for revenue and profit.

With Duetto’s RP-OS and an approach focused on engineering overall
hotel performance, hoteliers can make more profitable decisions.

duettocloud.com [3]

About RateGain

RateGain Travel Technologies Limited is a global provider of AI-powered
SaaS solutions for travel and hospitality, working with 13,000+
customers and 700+ partners across 160+ countries. RateGain helps travel
and hospitality businesses accelerate revenue generation through
acquisition, retention, and wallet share expansion.

Today, RateGain is one of the world’s largest processors of electronic
transactions, price points, and travel intent data, enabling revenue
management, distribution, and marketing teams across hotels, airlines,
destination marketing organizations, online travel agents, metasearch
companies, package providers, car rentals, travel management companies,
cruises, and ferries to drive better business outcomes.

Founded in 2004 and headquartered in India, RateGain works with 33 of
the Top 40 Hotel Chains, 4 of the Top 5 Airlines, 7 of the Top 10 Car
Rental companies, and all leading DMOs, OTAs, and metasearch platforms,
including 25 Global Fortune 500 companies, unlocking new revenue every
day.

Stanbic IBTC Pioneers Digital Supply Chain Financing In Nigeria Through CycleFlow Partnership

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Stanbic IBTC Pioneers Digital Supply Chain Financing In Nigeria Through CycleFlow Partnership

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has reinforced
its position as a leader in trade by becoming the first bank in Nigeria
to partner with CycleFlow, a supply chain finance platform powered by
C2FO and backed by the International Finance Corporation (IFC).

The platform will connect the Bank with participating corporate buyers
and their MSME suppliers, enabling the Bank to offer affordable
short-term financing to suppliers by purchasing and discounting invoices
accepted for payment by the corporate buyers. These transactions will
allow MSMEs to improve working capital by converting sales receivables
immediately to cash by leveraging the stronger credit profile of the
corporate buyers rather than relying on the creditworthiness of the
MSMEs.

This initiative is timely as businesses across Nigeria grapple with high
interest rates, unequal or delayed access to financing, increased
competition and prolonged payment cycles. It will also help level the
playing field among larger and smaller suppliers enabling them to reach
their full potential. The corporate buyers benefit through improved
supply chain resilience, improved supplier relationships, and
efficiencies gained by automating payment processes.

Eric Fajemisin, Executive Director of Corporate and Transaction Banking,
Stanbic IBTC Bank, highlighted the transformative potential of this
partnership: “We recognise that robust supply chains are the backbone
of a thriving economy. Our collaboration with IFC and C2FO is about
empowering suppliers, particularly SMEs, by providing them with the
flexibility to manage their cash flow effectively. This means they can
choose to receive payments within days instead of waiting months, all
without incurring additional debt. This represents a significant shift
towards trade enablement and underscores our commitment to fostering an
inclusive economy that benefits all stakeholders”.

Also read: https://brandspurng.com/2026/06/16/dewa-organises-second-agentic-ai-retreat-at-al-sheraa-worlds-tallest-largest-and-smartest-net%e2%80%91positive-government-building/

Jesuseun Fatoyinbo, Head Transaction Banking, Stanbic IBTC Bank, stated,
“Our commitment to enhancing the business environment in Nigeria is
unwavering. With the adoption of CycleFlow, we are not just providing a
service; we are creating opportunities for growth and innovation. This
initiative is designed to level the playing field for SMEs, enabling
them to thrive in a challenging economic landscape. By facilitating
early payments, we are helping businesses to become more resilient and
agile, fostering a culture of collaboration that ultimately benefits the
entire economy.”

In line with Nigeria’s economic objectives, Stanbic IBTC Bank’s
initiative promotes local content and aims to bolster growth in the
manufacturing sector, positioning Nigeria for greater engagement in the
African Continental Free Trade Area (AfCFTA). The bank’s commitment to
harnessing innovative financial solutions reflects its broader strategy
to address the challenges faced by local businesses and support national
economic development.

As the nation embarks on a journey towards economic recovery and growth,
initiatives such as this are poised to revolutionise the way suppliers
and corporate buyers operate, creating an enabling environment for
greater financial stability and success in Nigeria’s increasingly
competitive market.

DEWA Organises Second Agentic AI Retreat At Al Shera’a, World’s Tallest, Largest And Smartest Net‑positive Government Building

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DEWA Organises Second Agentic AI Retreat At Al Shera’a, World’s Tallest, Largest And Smartest Net‑positive Government Building

Dubai, United Arab Emirates, June 2026:

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) has emphasised that DEWA deploys the latest Agentic AI technologies, in line with the vision to enhance its leading role and reinforce Dubai’s position as the city of the future. He made these remarks during the Agentic AI Executive Retreat, DEWA organised at Al Shera’a, its new headquarters, which is the world’s tallest, largest and smartest net-positive government building. The event was attended by the executive leadership team and key stakeholders in digital transformation and artificial intelligence (AI), as well as representatives from SAP and McKinsey.

In his speech, Al Tayer said that DEWA is guided by directives from the wise leadership of HH Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of the Executive Council of Dubai, related to Agentic AI. The efforts also align with the UAE Government’s Agentic AI framework, enabling autonomous execution and decision-making. They support the government’s goal to be the first in the world to broadly deploy Agentic AI models.

Also read: https://brandspurng.com/2026/06/16/pawapay-hits-three-billion-mobile-money-transactions-as-daily-volume-doubles/

Al Tayer said that DEWA began the AI journey in 2017 with a firm commitment to transforming into an advanced digital organisation that leads change in the global utilities sector. He added that DEWA has depth across the usage of AI across its value chain (Generation, Transmission and Distribution) and employs disruptive technologies of the 4th Industrial Revolution, including AI in many of its services and operations, in addition to investing in its advanced digital infrastructure to accelerate digital transformation with the aim of improving efficiency and enhancing the happiness of all stakeholders.

Al Tayer stated that since launching its AI roadmap to become the world’s first AI-native utility, DEWA has worked with a clear vision centred on integrating AI across all aspects of its operations and services.

DEWA Organises Second Agentic AI Retreat At Al Shera’a, World’s Tallest, Largest And Smartest Net‑positive Government Building

PawaPay Hits Three Billion Mobile Money Transactions As Daily Volume Doubles

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PawaPay Hits Three Billion Mobile Money Transactions As Daily Volume Doubles

Daily transaction volumes have risen from 2.4 million to five million
since September 2024, driven by growing use of mobile money across
transport, subscriptions, remittance and essential services

16th June, 2026 – PawaPay [2], a leading pan-African payments
aggregator, has processed three billion successful mobile money
transactions through its platform – a milestone that reflects growing
demand from businesses that need to collect and send payments reliably
across multiple African markets.

The third billion was processed in under nine months, three months
faster than the previous billion. Daily transaction volumes nearly
doubled over the same period, rising from approximately 2.4 million to
five million.

African mobile money grew 26% in transaction value last year, with
merchant payments globally up 50% to $155 billion (GSMA State of the
Industry Report 2026). PawaPay’s transaction volumes have grown faster
than the broader market across several of the sectors it supports.

Mobile money increasingly sits behind a long tail of smaller businesses
across the continent: from optical chains like Lapaire processing
eye-test and glasses payments across multiple markets, to e-commerce
operators in cities like Kampala, education technology platforms
collecting parent payments, and retail businesses processing daily
takings.

PawaPay connects businesses to almost 50 money operators across 20
African markets through a single API, giving access to more than a
billion wallets, with direct regulatory licences where required by local
frameworks. The company has processed over €10 billion in payments to
date.

Also read: https://brandspurng.com/2026/06/16/meta-unveils-ai-powered-facebook-search-and-content-creation-tools-in-latest-2026-update/

PawaPay supports merchants through a single integration that manages
operator connectivity, settlement, FX, reconciliation and regulatory
coverage across its markets. Since 2022, the company has also used
stablecoins within its treasury operations to reduce settlement float
and improve predictability across different currencies.

Heiti Allak, Director of Product at PawaPay, said: “Businesses
expanding across Africa should not have to build a payments company
inside their own organisation. That is what happens when each new market
adds operator relationships, settlement flows, support processes and
treasury requirements. PawaPay takes that complexity away from the
business, enabling them to focus on their customers and growth. Three
billion transactions is what mobile money looks like when it sits behind
everyday economic activity, from transport and subscriptions to
remittance and humanitarian support.”

Over the past six years, PawaPay has supported businesses using mobile
money across sectors including remittance, transport, digital services
and humanitarian payments. Companies including Deriv and GiveDirectly
rely on PawaPay to operate across multiple African markets through a
single integration.

Meta Unveils AI-Powered Facebook Search And Content Creation Tools In Latest 2026 Update

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Meta Unveils AI-Powered Facebook Search And Content Creation Tools In Latest 2026 Update

Meta has launched a suite of artificial intelligence features across Facebook, introducing a new AI-driven search experience and enhanced content creation tools aimed at helping users discover information, edit media, and share personalised content more efficiently.

At the centre of the update is AI Mode, a search feature powered by Meta AI that delivers responses based on public conversations, discussions, and content shared across Facebook platforms, including Groups and Reels. Rather than presenting users with a traditional list of links, the tool is designed to surface insights and experiences drawn from real user activity within Meta’s ecosystem.

The rollout reflects Meta’s broader push to embed artificial intelligence into its core products as competition intensifies among global technology companies developing consumer AI services. According to Brandspur Brand News, the company said the latest features are intended to simplify everyday tasks while making content discovery and creation more intuitive for users.

Also read: https://brandspurng.com/2026/06/16/imf-says-nigeria-accounts-for-60-of-stablecoin-inflows-in-sub-saharan-africa-in-2026/

The new AI search capability is built on Meta’s Muse Spark technology and is integrated directly into Facebook’s existing user experience. The company said users will be able to access AI assistance while searching for information or exploring content, allowing them to receive contextual responses without leaving the platform.

Meta has also expanded its AI-powered creative tools by introducing new editing features for photos and videos. The update includes automated collage templates, video transition effects, and enhanced sharing suggestions designed to help users transform personal media into more engaging social content with minimal effort.

In addition, Facebook users can now experiment with AI-generated styling options that digitally alter clothing, hairstyles, and accessories in photos. The feature also allows users to preview themed outfits, including sports jerseys, through AI-powered editing options available within Stories and profile picture settings.

The latest release builds on Meta’s growing investment in artificial intelligence tools for creators and everyday users. The company has steadily expanded its AI portfolio in recent years, including the launch of advanced translation technology capable of dubbing and synchronising Reels in multiple languages, helping creators connect with wider global audiences.

With the introduction of AI Mode and new creative features, Meta is positioning Facebook as a more intelligent and interactive platform, while reinforcing its long-term strategy of integrating generative AI into social networking, content discovery, and digital communication experiences throughout 2026.

IMF Says Nigeria Accounts For 60% Of Stablecoin Inflows In Sub-Saharan Africa In 2026

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IMF Says Nigeria Accounts For 60% Of Stablecoin Inflows In Sub-Saharan Africa In 2026

Nigeria has emerged as the leading destination for stablecoin inflows in Sub-Saharan Africa, accounting for about 60 per cent of the region’s transactions involving the dollar-backed digital assets, according to the latest assessment by the International Monetary Fund (IMF). The development underscores the country’s growing influence in the global digital asset ecosystem as households and businesses increasingly adopt alternative channels for cross-border payments, remittances and value preservation.

The IMF disclosed the figures in its recent Article IV consultation report on Nigeria, noting that the country recorded an estimated $59 billion in crypto-related inflows between July 2023 and June 2024. The report also highlighted Nigeria’s strong global standing in cryptocurrency adoption rankings, reflecting sustained interest in digital financial services despite regulatory shifts and economic challenges.

Also read: https://brandspurng.com/2026/06/16/how-banks-fintechs-and-switches-profit-from-every-nigerian-transaction/

The growing use of stablecoins has been linked to their ability to facilitate faster and more affordable international transactions compared with traditional payment methods. Brandspur Banking News Desk reports that the assets have gained traction among individuals and small businesses seeking efficient ways to receive funds from abroad, settle international obligations and manage exposure to currency volatility.

According to the IMF, economic pressures experienced in recent years, including exchange-rate instability, elevated inflation and foreign exchange constraints, contributed to increased interest in stablecoins. Businesses involved in international trade have increasingly explored digital assets as a means of managing payments to overseas suppliers while reducing transaction delays.

Despite recognising the innovation benefits, the IMF warned that widespread stablecoin adoption could create challenges for monetary policy implementation and financial oversight. The institution noted that extensive use of dollar-linked digital assets may weaken demand for the naira and complicate efforts to manage liquidity within the domestic economy.

The Fund urged Nigerian authorities to strengthen regulatory frameworks, improve monitoring of digital asset transactions and continue reforms aimed at reinforcing confidence in the national currency. It also recommended greater transparency around stablecoin activity while supporting responsible innovation within the country’s rapidly expanding digital payments sector.

How Banks, Fintechs And Switches Profit From Every Nigerian Transaction

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How Banks, Fintechs And Switches Profit From Every Nigerian Transaction

A detailed examination of Nigeria’s fast-growing digital payments ecosystem has highlighted how multiple institutions, fintech firms, banks, telecommunications operators, and payment infrastructure providers earn revenue from every electronic transaction processed across the country.

The analysis, which has generated discussion across financial technology circles, outlines the complex chain involved whenever Nigerians make bank transfers, pay with debit cards, or complete transactions through point-of-sale (POS) terminals. Industry observers note that a single transfer or card payment often passes through several layers of infrastructure before reaching its destination, with each participant receiving a share of transaction-related fees.

Also read: https://brandspurng.com/2026/06/16/2026-isp-market-spectranet-starlink-and-fibreone-control-nearly-70-of-nigerias-broadband-segment/

The findings show that card schemes such as Visa, Mastercard, Verve and American Express play a foundational role in setting transaction charges associated with card payments. While Visa and Mastercard are foreign-owned global operators, Verve remains Nigeria’s leading indigenous card scheme under Interswitch. The report also highlights the role of merchant-acquiring banks and fintech companies that deploy payment acceptance solutions for businesses across the country.

Further down the payment value chain are terminal service providers, switching companies and processors responsible for routing, authorising and settling transactions. Brandspur Banking News Desk reports that organisations such as Interswitch, the Nigeria Inter-Bank Settlement System (NIBSS), Unified Payments, E-Transact and Remita remain critical infrastructure providers supporting millions of daily transactions across Nigeria’s financial system.

The review also draws attention to the growing influence of fintech platforms including Paystack, Flutterwave, Monnify and Squad, which serve as payment gateways for businesses and online merchants. These companies sit between merchants and financial institutions, enabling digital payments while earning service fees that are shared across the broader ecosystem.

Ownership structures within the sector reveal a blend of local and international participation. While institutions such as NIBSS, Unified Payments and Remita maintain significant Nigerian ownership, other major players have attracted foreign investment. Industry analysts say understanding these relationships is increasingly important as transaction volumes rise and regulators continue to shape the future of Nigeria’s digital payments industry in 2026.

2026 ISP Market: Spectranet, Starlink And FibreOne Control Nearly 70% Of Nigeria’s Broadband Segment

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2026 ISP Market: Spectranet, Starlink And FibreOne Control Nearly 70% Of Nigeria’s Broadband Segment

Three major internet service providers now account for almost 70 per cent of Nigeria’s internet service provider market, underscoring the growing concentration of subscribers among a small group of operators as competition intensifies across the telecommunications sector.

Latest subscriber data from the Nigerian Communications Commission shows that Nigeria recorded 352,006 active ISP subscribers in the fourth quarter of 2025. Of that total, Spectranet, Starlink and FibreOne collectively served 244,929 customers, giving the trio a combined market share of 69.58 per cent.

The figures highlight a widening gap between the country’s leading fixed broadband providers and smaller operators competing for market share in an increasingly challenging business environment. Brandspur Brand News reports that rising operating costs, infrastructure investments and competitive pressures continue to reshape the ISP landscape across Nigeria.

Spectranet retained its position as the largest ISP operator by subscriber numbers, serving 108,525 active customers during the period under review. Starlink followed with 91,991 subscribers, while FibreOne recorded 44,413 active users.

The latest market distribution reflects growing demand for reliable broadband services among households, businesses and remote workers seeking faster internet connectivity amid Nigeria’s expanding digital economy.

Industry analysts note that subscriber concentration among a handful of providers often reflects the ability of larger operators to invest in network expansion, customer support and service quality, factors that increasingly influence consumer choice in the broadband market.

Also read: https://brandspurng.com/2026/06/16/2026-tomato-prices-expected-to-drop-by-october-as-farmers-predict-major-harvest-surge/

The strong performance of Starlink also signals the growing acceptance of satellite internet services in Nigeria, particularly in areas where traditional fibre and terrestrial broadband infrastructure remain limited or unavailable.

Meanwhile, fixed broadband providers continue to compete for customers through network upgrades, wider coverage and service innovations aimed at improving connectivity experiences across urban and semi-urban locations.

Data from the NCC has consistently shown that internet access remains a critical driver of economic activity, supporting sectors such as financial technology, e-commerce, education, healthcare and digital content creation.

As demand for high-speed internet continues to rise, market leaders are expected to strengthen investments in infrastructure and service delivery to maintain their positions in an increasingly competitive telecommunications environment.

The latest subscriber statistics also reinforce the growing importance of broadband connectivity in Nigeria’s digital transformation agenda, with industry stakeholders closely monitoring how competition, technology adoption and regulatory developments will shape future market growth.

With nearly seven out of every ten ISP subscribers connected through Spectranet, Starlink and FibreOne, the Nigerian broadband market is increasingly being defined by a small group of operators that continue to attract the largest share of users nationwide.

2026 Tomato Prices Expected To Drop By October As Farmers Predict Major Harvest Surge

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2026 Tomato Prices Expected To Drop By October As Farmers Predict Major Harvest Surge

Nigerian tomato farmers have projected a significant decline in tomato prices from October 2026, citing expectations of increased nationwide harvests that could boost market supply and ease the pressure that has pushed prices upward in recent months.

The forecast comes amid widespread concern over the rising cost of fresh produce across the country, with consumers and food processors facing higher expenses due to limited tomato availability and production challenges affecting key farming regions.

Industry stakeholders say current supplies remain insufficient to satisfy demand from households, restaurants and manufacturing companies that rely on tomatoes as a major raw material. Brandspur Brand News reports that producers expect the supply situation to improve substantially when the next major harvest season begins later in the year.

According to farmers’ representatives, harvesting activities are expected to intensify across major tomato-producing states, including Kaduna, Kano, Plateau and Gombe, while output from parts of the South-West is also anticipated to contribute to larger market volumes.

The expected increase in production is projected to create a more balanced supply-demand environment, a development that could trigger lower prices across wholesale and retail markets nationwide.

Nigeria remains one of Africa’s leading tomato-producing countries, generating millions of metric tonnes annually despite persistent challenges across the agricultural value chain. However, industry experts note that production levels have not always translated into stable market prices due to supply disruptions, post-harvest losses and infrastructure constraints.

Farmers attribute the current high prices to a combination of factors, including elevated production costs, insecurity in agricultural communities, expensive seeds and limited access to financing for small-scale growers.

Rising fertiliser costs have also placed additional pressure on producers, increasing cultivation expenses and reducing the number of farmers able to invest in large-scale tomato farming during the current season.

Agricultural stakeholders further point to broader global economic developments that have influenced input prices, affecting production decisions and overall output across farming clusters.

Also read: https://brandspurng.com/2026/06/16/2026-faac-allocation-hits-n2-257-trillion-as-fg-states-lgs-share-higher-april-revenue/

To address these challenges, farmer associations say they are strengthening partnerships with seed suppliers and fertiliser manufacturers to improve access to essential farm inputs at more affordable rates.

The collaboration is also expected to support capacity-building programmes focused on modern cultivation methods, improved yields and better farm management practices aimed at increasing productivity.

Industry data indicate that tomato yields vary across regions, with some commercial farmers achieving significantly higher output levels through improved agronomic techniques and better access to farm resources.

As preparations continue for the October harvest season, producers remain optimistic that increased output from major farming belts will help stabilise the market and provide relief for consumers grappling with rising food costs.

The anticipated price reduction could also benefit food processing companies and businesses within the agricultural value chain by improving access to raw materials and reducing procurement costs.

With harvest activities expected to expand across northern and southern production hubs in the coming months, market observers will be closely monitoring supply levels to determine whether the projected decline in tomato prices materialises before the end of 2026.

2026 FAAC Allocation Hits N2.257 Trillion As FG, States, LGs Share Higher April Revenue

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2026 FAAC Allocation Hits N2.257 Trillion As FG, States, LGs Share Higher April Revenue

The Federation Account Allocation Committee has approved the distribution of N2.257 trillion from April 2026 revenue collections to the Federal Government, state governments and local government councils, reflecting stronger revenue inflows across key tax and non-tax sources.

The latest allocation, approved at a FAAC meeting in Abuja, was drawn from statutory revenue, Value Added Tax collections and an additional augmentation component. The disbursement comes as government revenues continue to benefit from improved collections in several major tax categories and stronger earnings from parts of the oil and gas sector.

The revenue-sharing outcome underscores the continued importance of the Federation Account as the primary channel for distributing federally collected income to all tiers of government. Brandspur Banking News Desk reports that the April 2026 allocation represents one of the largest monthly distributions recorded in recent years, driven by significant growth in both statutory revenue and VAT receipts.

Official figures showed that total gross revenue available for the month reached N3.184 trillion before deductions for collection costs as well as transfers, refunds and savings obligations. After the necessary adjustments, N2.257 trillion was approved for distribution among beneficiaries.

Statutory revenue accounted for the largest share of the distributable amount, contributing N1.260 trillion, while VAT generated N747.088 billion. An additional N250 billion augmentation was included to support the final allocation pool.

Data released after the meeting indicated that gross statutory revenue increased substantially compared with the previous month, reflecting stronger inflows from major revenue sources and improved government earnings.

VAT collections also recorded a notable month-on-month increase, highlighting continued growth in consumption-related tax receipts and broader economic activity across sectors contributing to the tax base.

Under the approved sharing formula, the Federal Government received N787.351 billion from the total distributable revenue, while state governments shared N772.360 billion. Local government councils collectively received N540.152 billion.

Also read: https://brandspurng.com/2026/06/16/vandals-destroy-14-power-transmission-tower-spans-in-niger-as-tcn-warns-of-growing-threat-to-electricity-supply/

Oil-producing states also received N157.254 billion as derivation revenue, representing the constitutionally mandated share linked to mineral resource earnings.

A breakdown of the statutory revenue allocation showed that the Federal Government received N580.942 billion, states received N294.661 billion and local governments received N227.172 billion, alongside the derivation allocation to eligible states.

From the VAT component, the Federal Government received N74.709 billion, while states shared N410.898 billion and local government councils received N261.481 billion.

The N250 billion augmentation was distributed across the three tiers of government, with the Federal Government receiving N131.700 billion, states receiving N66.800 billion and local governments receiving N51.500 billion.

FAAC also reported improved performance in several revenue streams during the period under review, including Companies Income Tax, Capital Gains Tax, Stamp Duties, Import Duties, VAT receipts and oil and gas royalties.

However, not all revenue sources recorded growth, as collections from Petroleum Profit Tax, Hydrocarbon Tax, Excise Duties and CET levies declined compared with the previous month.

The latest FAAC distribution is expected to provide additional fiscal support for federal, state and local government budgets as authorities continue to navigate infrastructure, social spending and economic development priorities in 2026.

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