FAAC disbursement
4 hours ago
The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.32 trillion to the three tiers of government in June 2024 from the total revenue generated in May 2024, the National Bureau of Statistics (NBS) disclosed. NBS made the announcement in a statement on Monday. The agency said the amount disbursed comprised N1,223.89bn from the…
23 Nov 2023
Significant increases in import duty, petroleum profit tax (PPT), value-added tax (VAT), and electronic money transfer levy (EMTL) boosted federation revenue in October 2023, with the three tiers of government sharing N906.96 billion.
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18 mins ago
The Senate Panel on Capital Market, the Securities and Exchange Commission (SEC), and stakeholders in the capital market have promised to work together to resolve the recurring issue of unclaimed dividends in the country. The agreement came at a one-day public hearing organised by the Senate panel to find a lasting solution to the issue.…
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Former US president Donald Trump has agreed to meet with the FBI for a "victim interview" about this month's assassination attempt, bureau officials said Monday. Providing an update on the status of the probe into the July 13 shooting, Federal Bureau of Investigation officials said they have still not determined a motive for the attack…
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Premier League clubs Arsenal and Chelsea are still in contact with Napoli for a possible summer deal to sign Nigerian striker Victor Osimhen. Osimhen appears to be in a limbo over which club he will play for during the 2024/25 season following the decision of Paris Saint-Germain to stop their move for him. Despite penning…
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A Kano lawmaker, representing Rano/Kunkure/Kibiya Federal constituency at the house of representatives, Rt. Hon. Kabiru Alhassan Rurum, has kicked against the demotion of Rano emirate council to second class emirate. Rurum, a former Speaker of Kano State House of Assembly, and member of the New Nigeria Peoples Party (NNPP) vowed to challenge the action of…
1 hour ago
Bloggers and Vloggers, Content Creators Association (BAVCCA) has called for more collaboration between the Nigerian National Petroleum Company Limited (NNPCL) and Civil Society Organisations (CSOs) to restore public trust in the company. Recall that the Chairman of Dangote Group, Aliko Dangote, recently alleged that some officials of the NNPCL and oil traders own blending plants…
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The Nigerian Communications Commission (NCC) has directed telecom operators to immediately reactivate all lines that were disconnected due to the failure to verify their National Identification Numbers (NINs) with their subscriber identification modules (SIMs). The commission, however, urged members of the public who are yet to verify their SIMs to do so as soon as…
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In the first week of Big Brother Naija (BBNaija), the Mbadiwe twins won the season's weekly Head of House (HOH) nominations. The voting breakdown is as follows: Anita and Nelly (Nelita) voted for Streeze Tjay and Ben (Beta) voted for Chekas Wanni and Handi (Wanni X Handi) voted for Shatoria Mayor Frosh and Toby Forge…
2 hours ago
The Federal Executive Council (FEC) meeting, presided over by President Bola Tinubu, has approved the sale of crude oil to indigenous refineries, including Dangote Refinery, in local currency, the Naira. Special Adviser to the President on Revenue, who doubles as the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, gave the indication…
2 hours ago
The Osun State Government has said it has started receiving the expected 43 trucks of food palliatives of garri and corn from the Federal Government as part of efforts to cushion the effects of hardship currently experienced by Nigerians across the country. This is contained in a statement issued on Monday by the state Commissioner…
2 hours ago
A South African teacher was killed in front of her primary school students near the coastal city of Durban, in the latest incident to shock the crime-ridden nation, local authorities said on Monday. The 46-year-old was called out of her classroom by two gunmen and shot dead on the spot as she stepped out, according…