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The Federation Account Allocation Committee (FAAC) Wednesday shared N547.309 billion among the three tiers of government as allocation for May 2020.
Details of the allocation were contained in a Secretariat report released by the Office of the Accountant-General of the Federation at the end of the online meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.
The Federation Account Allocation Committee, FAAC, has admitted error, saying N661.4 billion was shared among the three tiers of government for March, 2020 and not N780.9 billion earlier announced.
The Federal, State and Local Governments and relevant state agencies shared a total N780.926 billion as revenue from the Federation Account Allocation, FAAC, for the month of March 2020.
The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the Federal, States and Local Governments and relevant agencies in the country.
The Polish government announced a financial package of just around €47 billion in order to help Polish businesses and employees cope with economic turmoil resulting from the coronavirus pandemic.
The Federal Government, States and Local Government Councils have shared a total of N647.353 billion from the Federation Account Revenue for January 2020.
The Federation Accounts Allocation Committee (FAAC) has shared a total of N716.298 billion to the three tiers of government for the month of December, 2019.
The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax.
Alhaji Isa Dutse, Permanent Secretary, Ministry of Finance, Budget and National Planning, said on Wednesday in Abuja that the Federal, States and Local Governments had shared the sum of N635.8 billion for the month of November.
The Federal government, States and Local government Councils on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October 2019.
The Federal Government, 36 states and the Federal Capital Territory and 774 local government areas shared N693.529 billion as of September allocation disbursed by the Federation Account Allocation Committee (FAAC).
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 per cent revenue performance for 2019.
Following a fresh claim by PriceWaterhouse Coopers (PwC) that the electricity distribution companies (DisCos) have not paid tax to the Federal Government(FG) since privatization of the power sector in 2013, the 10 DisCos have faulted the claim.
African nations are targeting to invest $1 trillion over the next 10 years to bridge the worrisome infrastructure gap on the continent.
The Police in Jos have arrested a 39-year-old businessman, Abdul Abdul, for allegedly raping a 13-year-old girl after buying N20 sachet water in her mother’s makeshift store.
The Inspector General of Police (I-G), Mohammed Adamu, says a video in circulation, credited to “NigeriaDream”, showing a security officer meting inhuman treatment on a man, did not happen in Nigeria.
Mane believes the 29-year-old Napoli defender would be a huge hit for the newly-crowned Premier League champions.
A U.S. judge on Monday ordered a delay in federal executions, hours before one was to be carried out for the first time in 17 years, hampering the Trump administration’s plan to revive capital punishment by the federal government.
Barcelona president Josep Maria Bartomeu is adamant Lionel Messi will not be leaving.
2013 AFCON winner Godfrey Oboanona says he has not given up on his dream of returning to the Super Eagles under the watch of technical adviser Gernot Rohr.
The Christian Association of Nigeria has warned state governments that have failed to allow the reopening of churches to address the situation.
Leke James continued his fine scoring run for Molde as they recorded a 3-0 victory over FK Haugesund on Saturday.g
Abia Warriors captain and long-serving defender Austin Obaroakpo has stated that the appointment of coach Imama Amapakabo as coach of the Nigeria Professional Football League side will improve the fortunes of the NPFL side.
Welterweight champion Kamaru Usman says he has more tools in his toolbox after retaining his title with a unanimous decision victory over Jorge Masvidal at UFC 251 in Abu Dhabi in the early hours of Sunday.