Revenue from the value-added tax (VAT) has continued its downward slide as the government could only generate N217.743 billion for April 2023, a figure that is N1.043 billion lower than the N218.786 billion generated in March.
The Federation Account Allocation Committee (FAAC) shared N714.629 billion to the three tiers of government in Abuja on Wednesday as federation allocation for the month of March. This is contained in a communiqué issued at the end of the FAAC meeting for April. Its spokesman, Mr Stephen Kilebi, stated that the money shared covered Gross…
The rise, in the third quarter of 2022, of the country’s public debt to N1.2 trillion, which also rocketed the nation’s total public indebtedness to N44.06 trillion is driven by new borrowings by the Federal Government to part-finance the deficit in the 2022 Appropriation Act...
2 Dec 2022
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has declared that Nigeria is not broke. The Minister was responding to questions after presenting the sixth edition of the PMB Scorecard: 2015 to 2023...
24 Nov 2022
The Federal Government says it collected N229.041 billion in Value Added Tax (VAT) in the month of October 2022, N25.081 billion higher than the N203.960 billion collected in September 2022.
24 Sep 2022
The Federation Account Allocation Committee (FAAC), has shared N673.137 billion to the three tiers of government as federation allocation for August. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) on Friday. The Federal Government received N259.641 billion, the states received N222.949 billion, and the Local Government Councils got N164.247…
24 Sep 2022
The Federation Account Allocation Committee (FAAC) shared a total sum of N673.137 billion to the three tiers of government as federation allocation for the month of August 2022.
16 Sep 2022
The 36 state governments received a total of N767.05 billion in net value from the Federation Account Allocation Committee (FAAC) in the second quarter (Q2) of the year.
29 Jul 2022
Nigeria is broke, Minister of Labour and Employment, Dr. Chris Ngige has confirmed.
27 Jul 2022
As the Nigerian National Petroleum Company Ltd transitions into an entity that will be regulated in line with the provisions of the Companies and Allied Matters Act (CAMA), KINGSLEY JEREMIAH, examines
23 Jul 2022
The Federal Government and the newly constituted Nigerian National Petroleum Company Limited (NNPC) may face legal actions following the transition of the latter to a limited liability company.
25 Jun 2022
A total sum of N680.783 billion May 2022 Federation Account Revenue has been shared to the Federal Government, states and local councils by the Federation Account Allocation Committee (FAAC).