The Senate on Wednesday at plenary faulted the Nigerian National Petroleum Corporation (NNPC) over alleged under-remittance of N3.8 trillion revenue from domestic crude oil sales to the Federation Account between January and December 2015.

Bayelsa State government has said deductions amounting to N11.678 billion by the Federal Government from its monthly revenue allocation over disputed oil wells with sister states were illegal.

The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments as well as other relevant agencies.

The Kaduna labour dispute have thrown up an emerging scenario where workers and employers have to be more tactful in resolving disputes, such that facts are properly disputed on the negotiation table.

In the first three months of fiscal year 2021, revenue-generating agencies in the country remitted the sum of N1.538 trillion into the Federation Account, which was distributed among...

Nigerians may heave a sigh of relief, as the impact of full deregulation of petroleum products in the country by the Nigerian National Petroleum Corporation (NNPC)

The Judiciary Staff Union of Nigeria (JUSUN) has urged the Federal Government to deduct funds meant for state judiciaries from the May 2021 Federal Account Allocation Committee (FAAC).

MR. SYLVA OGWEMOH (SAN) is a Lagos based commercial lawyer and Senior Advocate of Nigeria. In this interview with BERTRAM NWWANEKANMA, he spoke on the recent revelation that the Nigerian National Petroleum Corporation (NNPC) may not remit money into the federation account domiciled at the Central Bank of Nigeria for lack of money. What is…

Consulting firms, Mauritz Walton Nigeria Limited and Bizplus Consulting Services Limited, have asked a High Court of the Federal Capital Territory (FCT), Abuja, to order Enugu State Government to pay them N10.2 billion from the Paris Club refund.

State governments are in dire strait as make-up funding sources dry up amid tumbling earnings, crippling their ability to repay existing loans and meet essential obligations.

A recurring sad commentary on the revenue profile of Nigeria’s 36 states and the Federal Capital Territory (FCT), is their heavy dependence on the Federal Accounts Allocation Committee (FAAC) revenue.

Members of the community where I live did not start a vigilante group because the Nigerian minister of Defence asked us to protect ourselves. We decided to over the spate of robberies we were experiencing in our community in Benin City.