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Federation Account Allocation Committee
The Nigerian National Petroleum Corporation (NNPC) says it has kept to the terms of the agreement of the 5.1 billion dollars repayment plan it entered into with international oil companies with respect to the Joint Venture Cash Call (JVCC).
The Nigerian National Petroleum Corporation (NNPC) Sunday disclosed that it is making good progress with its repayment of the $5.1 billion negotiated cash call debts to International Oil Companies (IOCs) in Nigeria, stating that both the National Economic Council (NEC) and Federal Executive Council (FEC) are aware of the progress it has made so far.
The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018.
The Federation Account Allocation Committee (FAAC) disbursed N1.938 trillion in the first quarter of 2018 to the three tiers of Nigeria’s government, a report from the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed.
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari at the Presidential Villa yesterday approved the sum of N68.6 billion for roads construction in the country.
Nigeria Bureau of Statistics (NBS) said that banks have refunded N654.49 million excess charges deducted from government bank accounts related to the federation account.
The National Bureau of Statistics (NBS), says the Federal Government received a total of N263. 28 billion from the N635.55 billion Federation Account Allocation Committee (FAAC) disbursed to three tiers of government in February.
The Minister of Finance, Mrs Kemi Adeosun, says she is meeting with the NNPC GMD over discrepancies in payment into the Federation Account.
The Federation Account Allocation Committee (FAAC), yesterday, announced the disbursement of the total sum of N635.55 billion to the three tiers of the federation for the month of February as revenue received in January 2018.
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.
The Federation Account Allocation Committee on Tuesday shared N655.17 billion to the three tiers of government as revenue for December.
Between October 2016 and September 2017, the federation account received a total inflow of N908.9bn in Value Added Tax receipts from the Federal Inland Revenue Service, figures obtained from the National Bureau of Statistics have revealed.
The federal government, 36 states and 774 local government received N533 billion from the federation account as statutory allocation funds for November.
Ekiti State Governor, Mr Ayodele Fayose, has faulted Vice President, Prof Yemi Osinbajo’s comment that the Nigerian National Petroleum Corporation, NNPC, was bearing the cost of fuel subsidy and not the federal government.
Several civil servants in Bayelsa may have a bleak Christmas as they are yet to be paid their November and December salaries.
The Minister of Finance, Kemi Adeosun, has expressed sadness over the news of the death of a senior photographer with the Leadership Newspaper, Christopher Danladi.
An emergency session of the Nigeria Governors Forum (NGF) is currently on going at the State House Conference Center (Old Banquet Hall), Abuja.
President Muhammadu Buhari on Thursday declared open the 2018 International Press Institute World Congress with a call on journalists worldwide to address the menace of fake news and hate speech.
The Embassy of Ecuador refutes fake news published by several media houses over Ecuador and Nigeria signing a visa-free agreement for Nigerian citizens.
Prof. Olusegun Ajibola, immediate past president, Chartered Institute of Bankers of Nigeria (CIBN), on Thursday criticised the National Assembly for tampering with provisions for critical projects in the 2018 budget.
The chief rival to President Recep Tayyip Erdogan in this weekend's presidential polls on Thursday vowed to transform Turkey as he rallied hundreds of thousands of people in one of the biggest opposition election rallies in years.
President Muhammadu Buhari on Thursday declared open the 2018 International Press Institute World Congress with a call on journalists worldwide to address the menace of fake news and hate speech for the good of humanity.
The Court of Appeal sitting in Enugu has adjourned till a date yet to be determined, its ruling on the applications brought before it by Innoson Group and Guaranty Trust Bank.
The Indigenous People of Biafra has announced resumption of plans to hold a referendum towards the ‘peaceful restoration’ of the defunct Republic of Biafra.
The Ekiti State Governor, Ayodele Fayose, has accused the Federal Government of deliberately withholding the release of the Paris Club refund to states purposely to prevent Ekiti from using the money to pay arrears of workers’ salary before the July 14 governorship election.
As the Super Eagles face Croatia on Saturday in their group D opener, football fans in Ebonyi have urged the team to redeem Africa’s image at the on-going World Cup in Russia by defeating their opponent.
While millions of people are tuning in to watch the World Cup and commenting about it online, thousands more on Twitter are talking about what appears to be a similar but equally riveting event, the #WorldCup.