Federation Account Allocation Committee (FAAC) – Page 2

VAT implementation takes effect Feb. 1– Minister

FAAC: FG, States, LGAs share N698.71 bn for September

Federal Government, the 36 States and FCT, as well as 774 Local Governments on Thursday shared N698.7 billion for the month of September. The Minister of...

Maritime6 years ago

DPR indicts NNPC, accuses state oil firm of violating several Nigerian laws

…New LNG Bunkering Project Unveiled at Posidonia 2018*** The Nigerian National Petroleum Corporation’s refusal to make separate payments for royalty and petroleum profit tax (PPT) on...

Economy6 years ago

Governors, NNPC top officials in crucial meeting after aborted FAAC meeting

…Telecoms sector’s contribution to GDP hits 10%*** The governors of the 36 states of the federation, or their representatives, were on Wednesday locked in a crucial...

Total trade in goods increase to N12.02 trn in Q2 -NBS

Economy6 years ago

FG receives N263.28bn from FAAC allocation in Feb – NBS

…As Village Head says Buhari deserves award for boosting Nigeria’s agricultural production*** The National Bureau of Statistics (NBS), says the Federal Government received a total of N263....

Economy6 years ago

FAAC: FG, States, LGs share N647.39 billion as February revenue

…CBN Report says Banks borrowed N27.46tr in six months*** The Federation Account Allocation Committee (FAAC), on Wednesday agreed to share N647.39 billion to federal, states and local...

FG, States, LGs shared N8.15trn in 2019 – NEITI

Economy6 years ago

FAAC disbursements increase by 25% in 2017 – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017....

Economy6 years ago

FAAC: FG, States, LGs share N655.17bn in January

…FG may revoke Inter-Bau’s Airport contract in Port Harcourt *** The Federation Account Allocation Committee (FAAC) on Tuesday shared N655.17 billion to the three tiers of...

Economy6 years ago

Federation Account gets N2.63tn non-oil revenue in 12 months

…FG, others share N6.2tr statutory allocation funds in 2017*** Gross inflows into the Federation Account have amounted to N6.14tn in 12 months, data obtained by FBNQuest...

Maritime6 years ago

CMA CGM Wraps Up Mercosul Takeover from Maersk Line

…As Probe reveals N30b oil revenue ‘hidden’ by NNPC*** French shipping major CMA CGM has completed the acquisition of Brazil’s container shipping line Mercosul Line from...

Economy6 years ago

NNPC will select Core Investor for Benue bio-fuel project soon- Baru

…As NNPC fails to remit N1.7tr into Federation Account*** The process by the Nigerian National Petroleum Corporation (NNPC) to choose a core investor for the proposed bio-fuel...