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All posts tagged "FAAC"

  • FAAC: FG, States, LGs share N500bn for January

    The Minister of State for Finance, Mr Bashir Yuguda, said that the Federal, states and local government areas shared N500.1 billion revenue for the month of January, 2015. Yuguda made this known when he briefed newsmen on...

    • Posted February 25, 2015
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  • Oil theft: N125.78bn revenue shortfall recorded in July

    The Federal Government on Thursday released the gross revenue for the month of July, stating that the country recorded N125.78bn drop in budgeted income. While the Federal Government had projected to receive a total revenue of N623.76bn...

    • Posted August 24, 2013
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  • Uduaghan wants upward review of FAAC to local government councils

    Delta state Governor, Dr Emmanuel Uduaghan has advocated an upward review of the federal revenue allocation to Local Government Councils. Dr. Uduaghan, who made the call when the National body of the Nigerian Union of Local Government...

    • Posted April 5, 2013
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  • Excess Crude Account: FG Shares $1 billion, $7.5 billion is Balance

    The Federation Accounts Allocation Committee (FAAC) deducted $1 billion from the Excess Crude Account on Wednesday and shared same with the three tiers of government. There was $8.5 billion in the account before the deduction, leading to...

    • Posted August 16, 2012
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  • CBN yet to approve MoUs of rescued banks

    LAGOS – TWO years after the Central Bank of Nigeria, CBN, intervened in eight banks, sacked their former managements and installed new ones, Vanguard can authoritatively reveal. This came just as the Central Bank said it has...

    • Posted March 29, 2011
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  • Returned Oil Wells Set To Boost Rivers Economy

    WHEN Rivers State Governor, Chibuike Amaechi, presented the 2011 Appropriation Bill to the legislative house, he envisaged inauspicious revenue prospect this year due to the ceding of the state’s oil wells to neighbouring Akwa-Ibom and Bayelsa States. The State’s...

    • Posted March 27, 2011
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