The Nigeria Extractive Industries Transparency Initiative (NEITI) announced on Monday that the Federation Accounts Allocation Committee (FAAC) distributed N3.473 trillion to the three tiers of government...
The Senior Advocate of Nigeria, Femi Falana, has demanded the remittance of $34.2 billion to the Federation Account by the Nigerian National Petroleum Corporation Limited (NNPCL)....
The Forum of Commissioners for Finance of Nigeria, on Friday, called on the Federal Government to channel accruals from the removal of fuel subsidy into the...
The Auditor-General of the Federation (AuGF) Aghughu Adolphus, on Friday, clarified reports regarding “unsubstantiated balances of N4.97tn” in the federation account. This was contained in a...
The Federal Airports Authority of Nigeria (FAAN) has called for the stoppage of its 25 per cent revenue contribution to the Federation Account to enable it...
The House of Representatives Committee on Public Accounts has reiterated its pledge to ensure comprehensive investigations into the alleged withdrawal of N1.3tn by the Nigeria National...
Nigeria’s Federation Account is overstressed, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said on Monday. The RMAFC’s revelation derived from heavy pressure on the Federation...
The three tiers of government have shared N610 billion from the Federation Account for the month of January. This is as revenue fell by N42.21 billion...
The latest statistics from the National Bureau of Statistics, NBS, have shown that the Federal Government, States and Local Governments in the country received a total...
The revenue accruable to the federal, states and local governments in the country for December 2018 declined by N163.57 billion compared to that of November the...
The Federal Inland Revenue Service, FIRS, has said it remitted a total of N4.62tn into the Federation Account between January and November, 2018. This is according...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has clarified media reports about $22 billion missing from the Federation Account in President Muhammadu Buhari’s administration. The Executive...
The Nigerian National Petroleum Corporation (NNPC) and some companies in the oil and gas sector of the country have failed to remit a total revenue of...
To check the controversy associated with the Nigerian National Petroleum Corporation (NNPC) remittances into the Federation Account, stakeholders in the Federation Account Allocation Committee (FAAC) are...
Auditors who helped to recover N58bn into the Federation Account are to receive N8.7bn for their efforts, investigation has revealed. The amount represents 15 per cent...
An Ad-Hoc Committee of the National Economic Council (NEC) has reported that a number of revenue-generating agencies may have significantly under remitted returns to the Federation...
A total sum of N173.8 billion distributable revenue was shared from the federation account to the 36 states of the country in September following deductions of...
Due largely to sharp fall in Company Income Tax, revenue earnings accruing to the federation account from oil and non-oil sources recorded a decline of N183.26bn,...
States and local governments in the country may be in for more hard times as allocation from the Federation Account dropped by over N80 billion for...
The Minister of Finance, Mrs. Kemi Adeosun, has disclosed that a total sum of N510.2 billion was approved by the Federation Account Allocation Committee (FAAC) for...
The latest report of the National Bureau of Statistics, NBS, has shown that Lagos State is the highest in the list of states with external debts...
After an improved earning from the Federation Account in June, the July allocation to the three tiers of government for July dropped from N559.032 to N443.663....
After months of dwindling revenue from the Federation Account, states and local government areas in the country have some good reason to cheer, as their monthly...
The Treasury Single Account of the Federal Government, TSA, has again come under attack, as the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, has opposed the...
The dwindling revenue of the country became noticeable on Thursday as the Federal Government, states and local governments in the country shared a paltry N299.7 bn...
Lagos lawyer, Femi Falana, SAN, has called on the Federal Government to jettison the idea of taking loan from anywhere in the world, saying the country...
Continuous rot still pervades the operations of the Nigeria National Petroleum Corporation (NNPC) as fresh findings say the organization failed to remit about$4.2 bn into the...
Tax evaders in Lagos State may be in for a hard time from April 1, as the Lagos State Internal Revenue Service, LIRS, says it will...
In from Ali Smart The nation has been spared labour unrest for some time now. But that may soon change as may soon change if governors...
