FAAC
11 Dec
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
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
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).
28 Apr 2022
The Federation Accounts Allocation Committee (FAAC) at its virtual conference, yesterday, shared N725.571 billion to the three tiers of government as federation allocation for March 2022.
Latest
13 mins ago
Two-and-a-half billion dollars: that’s how much funding the United Nations (UN) World Health Organisation (WHO) will need across its operations this year, it said on Monday, to help a record number of people facing disease and starvation.
18 mins ago
The 2023 elections in Nigeria may have elicited a lot of controversy as regards the way and manner it was conducted. To many people, the election is not more than a sham and INEC should cover its face with shame.
24 mins ago
The Lagos State All Progressives Congress (APC) has warned the candidate of Labour Party (LP), Gbadebo Rhodes-Vivour, against utterances and acts that are capable of disrupting peace in the state.
25 mins ago
A foreign institution, PRO University (PROU), has concluded plans to establish a pre-degree study programme for secondary school leavers, to enable them study in universities overseas, get scholarships and internships abroad.
26 mins ago
The Coalition of United Political Parties (CUPP) has cautioned the Inter-Party Advisory Council (IPAC) not to overreach itself over intervention in the controversy surrounding the Enugu State governorship election.