Tag: federation account
Revenue shortfall hits Federation Account
“The distributable revenue for November consisted of N1.403tn from statutory revenue, N485.838bn from Value Added Tax, and N39.646bn from the…
NNPCL largest contributor to FAAC revenue – Official
NNPCL Chief Corporate Communications Officer, Olufemi Soneye in a statement on Sunday said it was not correct to say that…
$22.06bn, N481.75bn not remitted to Federation Account between 1999-2015 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the 22.06 billion dollars and N481.75 billion yet to be remitted…
How states withdrew N593.1bn from federation account
The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated…
Federation Account recorded N797bn VAT revenue in 10 months – Adeosun
Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017, the Minister…
NNPC yet to remit LNG’s $15.8 billion to Federation Account
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8 billion dollars…
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Osun in trouble again, receives paltry N305m from federation account
The problem of unpaid and half salaries in Osun State will persist as the state got only a paltry N305m…
Business, Headlines, Metro, News
Aregbesola in trouble: Osun gets least federal allocation of N868.9m
The problem facing Governor Rauf Aregbesola of Osun State over payment of salaries of Osun workers is far from being…
NNPC pays N56.96bn into Federation Account in June
The Nigerian National Petroleum Corporation (NNPC) said it paid the N55.96 billion into the Federation Account in the month of…
NCC remits N70bn into Federation Account
The Nigerian Communications Commission (NCC), says it remitted N70 billion into the Federation Account in the last one year. “This…
NNPC pays N69bn to Federation Account
The Nigerian National Petroleum Corporation (NNPC) has paid the sum of N69.544 billion into the Federation Account in March. This…
NNPC pays N85bn into Federation Account
The Nigerian National Petroleum Corporation (NNPC) says it has paid N85.96 billion into the Federation Account for January 2016. This…
Kwara won’t reduce minimum wage—Gov. Ahmed
Gov. Abdulfatah Ahmed of Kwara says his administration will continue to pay the N18,000 minimum wage inspite of the drop…
Edo Govt to rebuild burnt Dumez Road market with N30m
Gov. Adams Oshiomhole of Edo said on Wednesday that the state goverment would provide N30 million for the reconstruction of…
More states benefit from Buhari’s relief package
States of the federation have started benefiting from the Special Intervention Fund aspect of the presidential relief package earlier approved…
Okonjo-Iweala took $1bn for Jonathan’s re-election, says Oshiomhole
Jethro Ibileke/Benin Former Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, has been accused of illegally…
Okonjo-Iweala fires back: I didn’t spend $2.1bn
Nigeria’s former minister of finance, Dr Ngozi Okonjo Iweala has described allegations that she spent $2.1 billion out of the…
NIMASA, NPA, NCC not paying monies generated to FG account
The Chairman of the Governors Forum and Zamfara governor, Abdulaziz Yari has stated that revenue generating agencies like NIMASA, NPA…
$2.1bn: Okonjo-Iweala might answer for missing funds
The immediate past Minister of Finance, Dr Ngozi Okonjo-Iweala might be called upon sooner rather than later to answer for…
NNPC yet to remit N3.5trn into Federation Account
Governor Adams Oshiomhole of Edo state has revealed that the Nigerian National Petroleum Corporation (NNPC) is yet to remit $3.5trillion…
4 governors appointed to verify accruals, withdrawals for Federation Account, ECA
The National Economic Council (NEC) on Monday set up a four-man committee to examine the accruals into and withdrawals from…
Money began to miss in Federation Account after division of Governors Forum – Amaechi
Rivers Governor, Mr Chibuike Amaechi, on Wednesday urged incoming governors not to allow anybody to divide the Nigeria Governors Forum.…
FG stops 1% deduction from Federation Account
Kazeem Ugbodaga The Federal Government has stopped the one per cent illegal deduction from State’s share in the Federation Account.…
NNPC denies owing Nigeria N2.3 trillion
The management of Nigeria’s NNPC on Sunday refuted a statement credited to Governor Adams Oshiomhole of Edo state that the…
‘Stop Using LGs For Revenue Sharing’
Action Congress of Nigeria, ACN candidate for Ikeja Federal Constituency, Honourable James Abiodun Faleke, has said that the only way…