FAAC: FG, States, LGs Share N680.783bn The Federation Account Allocation Committee (FAAC)Friday shared the sum of N680.783 billion to the three tiers of government as federation allocation from revenues earned in the month of May. A breakdown of the total distributable revenue was drawn from the...

FCTA Inaugurates Committee On Recovery Of N29bn Debt In order to improve revenue generation accruing into the coffers of the Federal Capital Territory Administration (FCTA), the permanent secretary, Mr. Adesola Olusade, has inaugurated a coordinating committee on the Recovery of Outstanding Ground Rents of N29,...

In Two Months, Nigeria Records $3.5bn FX Repatriation The Central Bank of Nigeria (CBN) has revealed that Nigeria has recorded the sum of $3.5 billion in foreign exchange repatriation from exporters, two months after the launch of the RT200 non-oil export rebate scheme. Godwin Emefiele, governor...

In Two Months, CBN Defends Naira With $3.36bn The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability of the naira. Figures obtained from the CBN’s January monthly report on ‘Foreign Exchange Market...