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Wednesday, October 16, 2019

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...

In Defence of Independence of CBN

Introduction1. The Central Bank of Nigeria (CBN), like most others, has the core mandate of maintaining price stability and ensuring a non-inflationary growth. It...

Communiqué No. 83 of the Monetary Policy Committee

Meeting of Monday and Tuesday May 21 and 22, 2012Central Bank of Nigeria Communiqué No. 83 of the Monetary Policy Committee Meeting of Monday...

Federation Account: How They Share: N796 in April 2012

The Economic Confidential magazine provides here the distribution of a total sum of N796 billion being the statutory and VAT allocations shared to all...

AGF Eulogises Ex-FIRS boss on improved Tax Policies

The immediate past Chairman of Federal Inland Revenue Service in Nigeria, Mrs. Ifueku Okaru has been commended for championing the active participation of the...

Re: A Suit Against CBN by Victor Dike

The attention of the Central Bank of Nigeria has been drawn to reports in the media regarding a suit against the Governor, Sanusi Lamido...

Budget Differential: How They Share N152bn in March 2012

The Economic Confidential provides in the table below the distribution of N152, 745,169,619.59 from Foreign Excess Crude Account being the differential between budget...

Federation Account: How They Share $1bn and N993.6bn in March 2012

March 2012 was another month of Jumbo allocations when the tiers of government in Nigeria, Federal States, and LG Councils shared a total sum...

Foreign Excess Crude Account: How They Share $1 Billion in March 2012

The Economic Confidential magazine provides below the distribution of $1 billion from foreign excess crude saving account in March, 2012 to all the tiers...

NNPC Refund: How States and Local Councils Shared N7.6bn in March 2012

The Economic Confidential magazine provides in the table below the disbursement of N7,617,431,250.00 to states & local government councils being 7th refund made by...

FAAC: How They Share N834bn in March 2012

At the meeting of the Federation Account Allocation Committee (FAAC) in March 2012, four different revenue allocations were made to the tiers of government...

NDIC Warns Banks on Jumbo Salary

The Nigerian Deposit Insurance Corporation (NDIC) has warned banks against excessive jumbo remuneration packages which could have negative effect in their revenue drive.The Managing...

FIRS sets Deadline for Filing Tax Returns

The Federal Inland Revenue Service (FIRS), has set a deadline of March 31 for all taxable persons to file their personal income tax returns.The...

Windfall of N921 billion Shared to Tiers of Government in February 2012

It was another season of windfall when the tiers of government shared a total sum of N921 billion from different sources of revenue at...

How They Share N7.6bn from NNPC Refund in February 2012

The Nigerian National Petroleum Corporation (NNPC) has continued to refund some funds it withheld from the Federation Account. From a table provided by the...

How They Share N187bn From Excess Crude Account in February 2012

The Economic Confidential provides here the distribution of N187,089,655,125.41 from Foreign Excess Saving Account being difference between budget & actual at the meeting of...

Federation Account: How They Share N727bn in February, 2012

The Economic Confidential magazine provides here the distribution of a total sum of N727billion being the statutory and VAT allocations shared to all tiers...

Sanusi Cautions African Central Banks on Debt Crisis

The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks’ governors not to lower their guard in...

NDIC Gives Assurance on Banking Reforms

… Appoints Debt Recovery AgentsThe Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of...

States Can Survive on IGR- FIRS

After the recent announcement by Federal Inland Revenue Service (FIRS) that the president, vice president, governors and their deputies would have to pay tax...