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All posts tagged "Local Governments"

  • Excess crude account drops to $5.27bn

    The Minister of State for Finance, Mr. Yerima Ngama, has said that the country’s Excess Crude Account (ECA) has dropped to $5.27billion. He made this known after the monthly Federal Accounts Allocation Committee(FAAC) meeting in Abuja. Following...

    • Posted May 20, 2013
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  • FAAC shares N518.389bn amid Minister, Commissioners row

    After several days of inconclusive deliberations, the Federation Accounts and Allocation Committee (FAAC) eventually shared  N518.389billion to the three tiers of government for the month of March. The meeting had been delayed following the absence of the...

    • Posted April 14, 2013
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  • NSE to reduce transaction charges on corporate bond

    The Nigerian Stock Exchange, NSE, may review transaction charges on State/ Local Governments/Corporate bonds following complaints from stakeholders in the capital market. The NSE had from February 1, when retail bond trading commenced, set N1 charges on...

    • Posted February 11, 2013
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  • Federal Government commences review of revenue allocation formula

    The Federal Government has commenced the review of existing revenue allocation formula among the three tiers of government, and the new formula is expected to be ready by the end of the year. Chairman, Revenue Mobilisation Allocation...

    • Posted February 3, 2013
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