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Zainab Ahmed

Federal, states, local councils share N716.298 billion for December 2019

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.
Zainab Ahmed

FAAC: Federal government, states, local councils share N635.8 billion in November

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.
Nigeria’s Senate on Thursday passed the Finance Bill for the third time.

Senate approves 7.5% VAT increase

The Senate passed the 56 amendments on the 2019 Finance Bill but some senators kicked against the increase in VAT during the presentation and consideration of the report of the Senate Committee on Finance.
Nigeria’s Senate on Thursday passed the Finance Bill for the third time.

Senate passes VAT increase bill

President Muhammadu Buhari on October 8 presented the Finance Bill to a joint session of the National Assembly for consideration and passage into law.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal government, states, local councils share N702.058 billion for October

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.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal government, states, local councils share N693.529 billion for September

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).

Presidency: Nigeria heading for fiscal crisis

The Presidency Monday, raised the alarm that the country might be heading for a fiscal crisis unless urgent steps were not taken to halt the negative trends in target setting and realisation in government revenue.
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.
Nigerian National Petroleum Corporation (NNPC)

NNPC, NPDC to unveil LPG facilities in Edo to boost consumption

The Nigerian National Petroleum Corporation (NNPC) and its Exploration and Production subsidiary, Nigerian Petroleum Development Company Limited (NPDC), Thursday in Abuja, disclosed that they are set to unveil the largest LPG and Propane Storage and Dispensing facility in Oredo, Benin City, Edo State.

Delta, Akwa Ibom received highest as federal, states, local governments shared N8 trillion in...

A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.
Acting Finance Minister of Finance Zainab Ahmed

Nigeria’s Excess Crude Account most poorly managed – report

Nigeria’s Excess Crude Account (ECA) has been ranked as the most poorly governed among similar funds operated by resource-rich countries in Sub-Saharan Africa, a new report by the Natural Resource Governance Institute (NRGI) has shown.
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.

Experts: VAT increment will further worsen Nigerians’ situations

A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal, states and local governments share N610.368 billion for January

The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal, states, local governments share N649.19 billion for December 2018

The Federal Government, states and local governments have shared N649.19 billion as revenue for the December 2018.
Zainab Ahmed

FAAC plans fresh guidelines for remittance, withdrawal from ECA

For more transparent dealing and avoidance of rancour, the Federation Accounts Allocation Committee (FAAC) is planning fresh guidelines for revenue remittances and withdrawals from the nation’s Excess Crude oil revenue Account (ECA).

FIRS remitted N4.63 trillion to FAAC between January and November 2018

The Federal Inland Revenue Service (FIRS) remitted about N4.63 trillion to the Federation Account between January and November this year, revenue collection figures submitted to the Federal Ministry of Finance have shown.

Plateau proposes N148 billion budget for 2019 fiscal year

Governor Simon Lalong of Plateau State has proposed a budget estimate of N148 billion for the 2019 fiscal year.

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Ole Gunnar Solskjaer confident Odion Ighalo will get goals for Manchester United

Manchester United manager Ole Gunnar Solskjaer is confident Odion Ighalo will deliver the goods for the side.
Senator Ahmed Ibrahim Lawan

Insecurity: Senate moves to establish commission against illegal use of guns

The Senate on Wednesday considered a bill seeking to establish the National Commission Against the Proliferation of Small Arms and Light Weapons.
Senator Ahmed Ibrahim Lawan

Lawan: How N’Assembly is working to improve security situation in Nigeria

President of the Senate, Ahmad Lawan, on Wednesday said the National Assembly has devised a strategy that will see to the creation of institutions dedicated to providing enduring solutions to Nigeria's security travails. Academy
Senate President Ahmed Lawan 1

Senate holds one-minute silence for deceased Ex-WAEC registrar

The Senate on Wednesday observed a minute silence in honour of renowned Nigerian novelist and former Registrar of the West African Examinations Council (WAEC), Chukwuemeka Ike.
Glasgow Rangers manager Steven Gerrard says he does not regret criticizing Nigerian midfielder Joe Aribo and his teammates following the recent bad performances.

Joe Aribo’s Rangers fined £15,000 by Scottish FA

Rangers have been fined £15,000 by the Scottish FA for failing to act in an “orderly fashion” in games against Celtic and Hibernian in December.