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Sunday, July 21, 2019

X-raying NEXIM Bank under Robert Orya

Prior to the reconstitution of the Board of Directors of the Nigerian Export-Import Bank on14th August, 2009, the bank was at its lowest ebb....

FAAC Distributes N600bn For July

Persistent lowering prices of crude has continued to have negative impact on Nigeria’s federation account as federal government, states, local governments, Federal Inland Revenue...
Godwin Emefiele CBN Governor

Go to hell: CBN Tells JP Morgan

The Central Bank of Nigeria (CBN) has reacted angrily to decision by P organ to phase out the country from the Government Bond Index...

Succour as NLNG pays $1.6 bn tax to FG

A major financial succour came the way of newly inaugurated administration of General Muhammadu Buhari from the Nigerian Liquefied Natural Gas (NLNG) in the...

FAAC Distributes N472bn In June 2015

The meeting of the Federation Account Allocation Committee (FAAC) in June 2015, a total sum of N472bn was disbursed to the tiers of government....

Rising Fury Over Package For Officials

The Revenue Mobilisation, Allocation and Fiscal Commission(RMAFC) is saddled with the responsibility of monitoring the accruals to and disbursement of revenue from the Federation...

Tax expert urges Buhari to review revenue allocation formula

President-elect, Maj.-Gen. Muhammadu Buhari, has been urged to review the current revenue allocation formula for effective and sustainable national development. President of Society of Women...

World Bank to disburse US$140m for Community Development in Nigeria

The World Bank assisted Community and Social Development Project (CSDP) is now set to start disbursing additional $140million (about 30 billion naira) to twenty...

CBN Consents Heritage, Enterprise Banks Merger

Bank of Nigeria (CBN) has consented to the merger between Heritage and Enterprise banks following the approval of the merger by the Federal...

FAAC Shares N485.4bn For August 2015

The Federation Account Allocation Committee (FAAC) has shared the sum of N485, 497,884,320 among the three tiers of government for August 2015 as against...

Devaluation Shores Up FAAC Figures To N625.4B

A total of N625,460,092,581 was shared among beneficiaries of the federation accounts last month for the for the month of February 2015. This is...

FAAC Distributed N509.225bn Not N388.339bn In April

One year after prices of crude plummeted in the international market, there seems little respite for nations depending mainly on the black gold as...

FAAC Distributes N693.0bn For January 2015

The Federation Account Allocation Committee (FAAC) shared a total sum of six hundred and ninety three billion, eight hundred and eighty two million, one...

2016 Budget: Realities Of Economic Diversification

The 2015 National Economic Summit have come and gone and the expected key outcomes include specific recommendations on how to create jobs, dismantle the...

Buhari Raises The Sledge-Hammer over TSA

Moshood Isah Some five months ago, a survey conducted by Ngozi Okonjo-Iweala Polls (NOIPolls) suggested that the police, ministries, departments and agencies are the most...

FAAC Distributes N459, 753bn for March

The Federation Account Allocation Committee (FAAC) meeting for April 2015 was held in Abuja amidst panic over continuous down sliding of oil revenue and...

Facts& Figures

FAAC Stakeholders Share N545. 88b …As Yuguda Insists Nigeria Not Broke … Excess Crude Account Thins To $2.60b By Moshood Isah and By Yusuf An-Nuphawi   Minister of State...

CBN actions harming economy- First Bank CEO

Managing Director and Chief Executive Officer of First Bank of Nigeria Limited, Bisi Onasanya, has warned that recent actions of the Central Bank of...

FIRS Begins Online Collection Of Taxes

Taxpayers can now pay their taxpayers online by logging into the internet banking platform of any commercial bank in Nigeria, choosing the FIRS link...

Stemming The Menace Of Dollarization

Dollarization of an economy would be said to have occurred when the inhabitants of a country use foreign currencies in parallels to or instead...