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Business

NNPC’s Under-Remmittance: Again, FAAC Meeting Ends In Stalemate

The Chairman, Commissioners of Finance Forum, Mr Mahmood Yunusa on Thursday said the Federation Accounts Allocation Committee (FAAC) has agreed to suspend meetings indefinitely...

News

Gov. Wike: How We paid June Salaries Without FAAC

Rivers State Governor, Nyesom Ezenwo Wike has stated that his administration was able to pay the salaries of Civil Servants for June 2018 without...

Business

FAAC: State Workers To Get June Salary Late, Says Adeosun

Kemi Adeosun, Minister of Finance, said on Thursday that there would be a few days of delay in the payment of salaries of workers...

Business

How States Shared N593bn In 3 Months

The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter...

Headline

FG, State, Council Revenue Falls By N80bn

The Federal, States and Local Governments shared N558.082 billion in October, N80 billion less than the N637.704 billion revenue shared in September, Ahmed Idris,...

Energy

FAAC Raises Panel over NNPC’s Unremitted $1.48bn

…Revenue Into Federation Account Drops By N86.42bn The Federation Account Allocation Committee (FAAC) on Monday night constituted a committee to find out the reasons for...

Business

FAAC: FG, States, Councils Share N593.33b For October

The Minister of State for Finance, Bashir Yuguda, on Tuesday announced that federal, states and local governments had shared N593.33 billion revenue that accrued...

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