Monetary

JUST IN: FG, States, LGs Share N574.668bn for January 

JUST IN: FAAC: FG, States, LGS Share N574.668bn for January  The Federation Accounts Allocation Committee (FAAC) has shared a total of N574.668 billion January 2022  Federation Account Revenue to the Federal Government, States and Local Government Councils.    This was contained in a communiqué issued on Thursday at...

FG Approves N1.42trn For Infrastructure

FG Approves N1.42trn For Infrastructure   The Federal Government will spend N3.53 trillion on infrastructure and human capital development. Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed made this known in Abuja at the Town Hall Meeting on the achievements of the government in infrastructure...

FG Saved Over $10bn From Stoppage Of Illegal Maritime Activities

FG Saved Over $10bn From Stoppage Of Illegal Maritime Activities   The Federal Government saved over $10billion on illegal maritime activities between September 2021 and January, this year, a senior official of the Federal Ministry of Finance (FMoF) has said. The source, who craved anonymity, told The...

Cash Transfer: Minister Says Some Nigerians Haven’t Seen N5,000 Before

Cash Transfer: Minister Says Some Nigerians Haven’t Seen N5,000 Before The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouk, has dismissed as “elitist assertion” comments that the regime’s N5,000 monthly national conditional cash transfer to some poor and vulnerable people is insufficient...

Reps Grill Fire Service Chief Over N1bn Recruitment, Logistics Cash

Reps Grill Fire Service Chief Over N1bn Recruitment, Logistics Cash   The House of Representatives Committee on Public Accounts on Tuesday grilled the Commandant General of the Federal Fire Service (FFS), Ibrahim Liman over expenditure of over N1 billion on recruitment and logistics between 2017 to...

N3.07 Billion Property Lost to FG in Anti-Graft War

 A top military officer's 20 properties valued at over N3 billion and seven million have been forfeited to the Economic and Financial Crimes Commission, EFCC, on Monday. Aflac Plastics, Marhaba Events Place, and Atlasfield Gas Plant Limited were some of the companies that controlled the...