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Anthony Mkpe Ayine

Auditor-General: Excess Crude Account is illegal

The Auditor-General of the Federation, Anthony Ayine, has advised the federal government to legalise its continuous maintenance of the Excess Crude Account, ECA.

FIRS six-month revenue increases 42% to N2.5 trillion

The Federal Inland Revenue Service has announced that it realised a total of N2.5 trillion (N2,529,615,174,601.25) from various taxes from January to June 2018.

Federal, states, local governments share N625.827 billion for March

The federal government and the other two tiers of government on Thursday shared the sum of N626.827bn for the month of March, 2018.

FIRS generates N1.7 trillion in first quarter 2018

The Federal Inland Revenue Service (FIRS) generated N1.17 trillion in the first quarter of 2018 from the collection of different tax types.

FAAC: Federal, states, local govts share N655.18 billion in January

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.

Federal govt loses $2.27 billion to OPA – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI} says Nigeria lost N60.99 billion 2.27 billion dollars and to the Offshore Processing Arrangement (OPA) and crude for product swap arrangement, valuation issues, crude oil and petroleum products losses.

Federal allocation drops 28.3% in August – NBS

National Bureau of Statistics, NBS, yesterday, reported that the Federation Account Allocation Committee, FAAC, shared N467.85 billion among the three tiers of government in August 2017.

Recent Stories

Report: Nigeria wasted $1 trillion earned in oil booms

The report, which was funded by the Nigeria Natural Resource Charter (NNRC) and the Shehu Musa Yar’Adua Foundation, stated that Nigeria’s failure to manage these oil prosperity cycles has delayed her economic rise.
Gareth Bale

Gareth Bale shines as Real Madrid overrun Getafe

Real Madrid got off to a winning start in La Liga on Sunday by comfortably beating neighbours Getafe 2-0 at home with an inspiring performance from Gareth Bale.

Satguru Maharaji: Don’t demonise Governor Ajimobi, APC over Yinka Ayefele’s house demolition

Following the heated controversy and consequent condemnation of the Oyo State Government led by Governor Abiola Ajimobi over the early Sunday morning demolition of an Ibadan-based radio station, Fresh FM, own by Yinka Ayefele, the Leader of One Love Family, Satguru Maharaji, on Sunday, urged the people of the state not to demonise the governor and his party, the All Progressives Congress (APC) on the matter.
libya fishing

‘Blast fishing’ thrives in Libya’s chaos

Residents of Tripoli's seafront wake up most weekends to loud blasts: fishermen using dynamite to maximise their catch, regardless of the damage they are causing to marine life.

Ohanaeze youths condemn clampdown on IPOB women

The Ohanaeze Ndigbo Youth Council Worldwide has condemned, in strong terms, the alleged harassment of female members of the Indigenous People of Biafra (IPOB Women) by security operatives in Owerri.