Federation Account - Maritime First Newspaper

NNPC discovers crude oil, gas in Northern Nigeria

Subsidy: NNPC says FG owing it N170.6 billion in outstanding payments

…As Reps panel, Fashola disagree over $1.5bn loan, German consultant*** The Nigerian National Petroleum Corporation (NNPC) on Monday injected a fresh twist to the fuel subsidy...

Economy5 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...

Economy5 years ago

Reps probe alleged $5bn diversion by CBN

…As EFCC releases Innoson boss, accuses him of N1.4bn fraud*** The House of Representatives alleged on Wednesday that over $5bn had been diverted by the Central...

Presidency frowns at ‘revolution’ marchers, describes the organizers as faceless

Economy5 years ago

Anti-graft War: Buhari okays 2, 250 job slots for EFCC

…As Reps’ panel explains How DPR, CBN diverted $950m oil royalty *** As part of plans to beef up the anti-graft war, President Muhammadu Buhari has...

Economy5 years ago

Federation Account records N797 billion VAT revenue in 10 months — Adeosun

Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017, the Minister of Finance, Mrs. Kemi Adeosun, revealed...

Economy5 years ago

Federal allocation drops 28.3% in August — NBS

As FG launches annual petroleum summit, exhibition National Bureau of Statistics, NBS, yesterday, reported that the Federation Account Allocation Committee, FAAC, shared N467.85 billion among the...

Economy5 years ago

NCC remits N133.4bn to Federation Account in 2 years

As Mining sector generates N4.96bn in two years – RMAFC The Nigerian Communications Commission (NCC) said it had remitted N133.4 billion to the consolidated revenue fund of...

Economy5 years ago

Diezani to lose 56 houses in Lagos, Port Harcourt

As FAAC July revenue drops to N387.31b A Federal High Court in Lagos has ordered the interim forfeiture of 56 houses allegedly bought between 2011 and...

Economy6 years ago

Water Board: FCT Consumers Now Owe Only N1.8bn

As NNPC finally pays N450bn Federation Account debt The Federal Capital Territory (FCT) Water Board Acting Director, Malam Aminu Nahuce has observed that Consumers in his...

Archives6 years ago

NNPC pays N56.96bn into Federation Account in June

As UK ‘abandoned, betrayed’ 6 ex-soldiers jailed in India The Nigerian National Petroleum Corporation said it paid the N55.96 billion into the Federation Account in the month...