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Petroleum Profit Tax
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.
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).
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.
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.
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.
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.
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.
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.
The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government.
The Federal Government, states and local governments have shared N649.19 billion as revenue for the December 2018.
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).
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.
Governor Simon Lalong of Plateau State has proposed a budget estimate of N148 billion for the 2019 fiscal year.
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Manchester United manager Ole Gunnar Solskjaer is confident Odion Ighalo will deliver the goods for the side.
The Senate on Wednesday considered a bill seeking to establish the National Commission Against the Proliferation of Small Arms and Light Weapons.
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
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.
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.
The Delta State Police Command has arrested the Proprietor of Grace Life International School, Oghara-Efe, in Ethiope East Local Government Area of the state, Mr Michael Anigholor, who allegedly raped a corp member, (name withheld)
The Gunners want to tie the 18-year-old to a lucrative new long-term contract to replace his current deal, which finishes next year.
Ighalo made his first appearance for the Ole Gunnar Solskjaer’s side in their 2-0 win over Chelsea at Stamford Bridge, the on-loan Shanghai Shenhua star replaced one of the goalscorers, Anthony Martial, with just finished minutes to the end of the game.
The Italian Post Office has delivered a swift response to Juventus manager Maurizio Sarri for suggesting their job is not scrutinised to the same extent as his own as a football manager.
The Independent National Electoral Commission (INEC) has explained why it has paved the way for the swearing-in of the candidate of Peoples Democratic Party (PDP), Douye Diri, as governor of Bayelsa State after Thursday’s Supreme Court judgment that sacked the All Progressives Congress (APC) candidate, David Lyon, who won the November governorship election.