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Saturday, January 18, 2020
NBS National Bureau of Statistics

Nigeria inflation rate edged to 9.3% in August – NBS

The National Bureau of Statistics (NBS) on Monday said Nigeria inflation rate edged higher to 9.3 percent in August, compared with the 9.2 percent...

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...

FAAC Shares N630.732Bn in July

Good times may just be here for beneficiaries of the federation account as there was relative increase in the distributable revenue for the month...

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....

Federal Allocation For The Month Of May 2015 Is N418.452billion.

The Federal Government, State governments and Local government Councils have shared a total of N418.452billion as Federal allocation for the month of May, 2015.A...

Exclusive: How Jonathan, NASS Killed Yar’Adua’s 2009 Salary Review Efforts

17,474 Political Officers Earn N1.1 trillion annually Salaries and allowances for political office holders have always been problematic in Nigeria. In 1979, as soon as...

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 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...

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...

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...

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...

N52.3b Transferred Into Excess Crude Account

As Federation Account Disburses N741.06b For November 2014 A total of N741,065,009,136.7 accrued into the Federation Account for the month of October 2014 and was...

RMAFC Wants Restructure Of FAAC Management

Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Mr. Elias Mbam has told a delegation of the Oversight Constitutional Implementation Committee of...

Nosedive As FAAC Shares N826.6b For July

This certainly will not be the best of times for state governors and other political office holders as accruals into the federation account took...

Excess Oil Revenue: How They Share N26bn for SURE-Project

Excess Oil Revenue: How They Share N26bn for SURE-Project The sum of N N26, 193,078,616.41 was shared at the meeting of the Federation Account Allocation...

NNPC 10th Refund: How they shared N7.61bn in June 2012

NNPC 10th Refund: How they Share N7.61bn in June 2012At the meeting of the Federation Account Allocation Committee (FAAC) in June 2012, a total...

domestic excess crude : : How They Share N9.35bn in June

Domestic Excess Crude: How They Share N9.35bn in June 2012The Economic Confidential magazine provides below how a total sum of N9, 356,157,075.02 was shared...

Federation Account: How They Share N647 bn in June 2012

  The Economic Confidential magazine provides here the distribution of a total sum of N647 billion being the statutory and VAT allocations shared to...

Federation Account : How They Shared 693bn in May 2012

The Economic Confidential magazine provides here the distribution of a total sum of N693 billion being the statutory and VAT allocations shared to all...

NNPC Refund : How They Shared N 7,6bn in May 2012

The Economic Confidential provides here the breakdown on how a total sum of N7, 617,431,250.00 was distributed to States and Local Government Councils being...