FG Delays FAAC Revenue Sharing Meeting Again
The Federal Government has delayed the Federal Accounts Allocation Meeting (FAAC) for the second month fueling speculation that the government is broke.
The FAAC meeting is the monthly get-together of Federal and State government in order to share revenue to the three tiers of government.
The meeting was scheduled to hold yesterday but was postponed until Friday. This development comes at a time there is national outcry against unpaid salaries and allowances to civil servants and National Youth Service Corps (NYSC) members.
Senior government officials have fingered the Nigerian National Petroleum Corporation (NNPC) as being responsible for the development. The NNPC is said to have failed to remit crude oil sales revenue to the Federation Account.
Minister of Finance, Ngozi Okonjo Iweala, has blamed Nigeria’s trading partners for failure to remit crude oil payments on time.
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
Nigeria News
- Shettima ya jajantawa waɗanda turmutsutsi ya shafa, yayi kira da a Inganta tsarin rarraba tallafi
- FCMB Group Shareholders Approve N340 Billion Capital Raise
- Yan Sanda sun tsaurara tsaro a Kaduna don bukukuwan karshen shekara
- Tinubu yayi alhinin rasuwar tsohon Alkalin Kotun Koli, Uthman Argungu
- Stampede: Nigeria now home to citizens fighting, struggling for rice – CUPP