The Federation Accounts Allocation Committee (FAAC) yesterday shared a total of N739.965 billion September revenue among the three tiers of government, after an agreement between the federal and state governments to suspend the controversial deductions...
Governor Kayode Fayemi, the chairman of the Nigeria Governors’ Forum (NGF), insisted yesterday that state governments will not accept arbitrary deductions of funds from the federation account. Speaking with journalists on the sidelines of the 27th...
A meeting of the Federation Account Allocation Committee (FAAC) for October 2021, held last Friday, was rocked by the resistance of the states and local governments to the commencement of deductions in relation to the...
The Federation Accounts Allocation Committee on Wednesday shared a total of N696.965bn as August 2021 revenue to the Federal, States and Local Governments as well as other relevant agencies in Nigeria. The amount was N63.752...
The 36 states of the federation have set up a six-man committee on the Petroleum Industry Act with a mandate to study and draw up amendments to the law. The Chairman of Forum of Commissioners of...
Federation Accounts Allocation Committee (FAAC) has shared a total of N733.095 billion as June 2021 federation account revenue to the Federal, states and local government councils. A statement issued by the Office of Accountant General of...
The World Bank is to disburse an additional $750 million to strengthen the implementation of the States Fiscal Transparency, Accountability and Sustainability (SFTAS) scheme. The scheme was approved for Nigeria in December 2020 to support the...
The Nigerian National Petroleum Corporation (NNPC) made total revenue of N1.088.88 trillion in the first five months of 2021, some N396.8 billion lower than the N1.485 trillion it made in 2020, according to a Federation...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday said a total sum of N1.54 trillion was collected by revenue generating agencies into the federation account in the first quarter of the year (Q1 2021). In...
The Director-General of the Securities and Exchange Commission (SEC) Lamido Yuguda has hinted that the Commission will downsize its workforce to cut cost. Yuguda, who was represented by Ibrahim Boyi, SEC executive commissioner for corporate services,...