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Exchange Gain

Zainab Ahmed

Federal, states, local governments share N617.566 billion for March

A total of N617.566 billion has been distributed as Federal Allocation for the month of March, 2019 among the Federal Government, State Governments and Local Government Councils.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N619.857 billion for February

A total of N619.857 billion has been distributed as federal allocation for the month of February 2019 among the Federal, States and Local Government Councils.

FAAC: Kwara gets N3.2 billion for January

The Federal Accounts Allocation Committee which distributes monthly allocation to the three tiers of government, is to release the sum of N3,295,247,595.34 to the Kwara State Government for the month of January.
Zainab Ahmed

FAAC disburses N8.03 trillion to federal government, states in 2018

The Federation Account Allocation Committee (FAAC) says it disbursed a sum of N8.03 trillion to the Federal and State Governments in 2018.

Nigeria’s non-oil revenue drops in October

Nigeria’s non-oil revenue, at N259.93 billion of total revenue in October, was below both the 2018 monthly budget estimate of N466.91 billion and the N354.38 billion received in September 2018 by 44.3 per cent and 26.7 per cent, respectively.

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Heather Merritt, Deputy Assistant Secretary of State for the Bureau of International Narcotics and Law Enforcement Affairs, said this in a telephonic news conference on Fighting Crime and Corruption in Africa.

Official: US to partner Nigeria in stolen assets recovery, repatriation

The US says it is committed and will continue to work closely with Nigeria on recovery and repatriation of stolen assets to the country.
The Economic and Financial Crimes Commission (EFCC) has moved an application seeking the final forfeiture of the sums of $8,435,788.84 and N9.2 billiion linked to Patience Jonathan, the wife of former President Goodluck Jonathan. .

Patience Jonathan: Return my seized $5.7 million because nobody complained I stole money

Wife of former President Goodluck Jonathan, Patience, on Friday urged the Federal High Court in Lagos to order the release of the $5.7m and N2.4bn seized from her by the Economic and Financial Crimes Commission, EFCC.
Kabir Marafa, senator representing Zamfara central, says he will remain in the All Progressives Congress (APC) to fight injustice.

Senator Marafa: Supreme Court judgment on Zamfara APC a bitter-sweet experience

Senator Kabir Marafa (APC-Zamfara) has described the Supreme Court judgement on Zamfara All Progressives Congress candidates in the last elections as “a sweet, bitter but a huge victory for democracy.”

Governor Ambode: I have served humanity, posterity will judge me

As he prepares to bow out of office, Lagos State Governor Akinwumi Ambode on Friday said he has served humanity throughout his reign and that posterity will judge him.
Admiralty University of Nigeria ADUN

Nigerian Navy university inaugurated, matriculates 231 students

The Admiralty University of Nigeria (ADUN), Ibusa, near Asaba was inaugurated on Friday by the Chief of Naval Staff (CNS), Ibok Ete-Ibas, with the first batch of 231 students matriculating.