The Federation Account Allocation Committee (FAAC) shared the sum of N493.8 billion among the three tiers of government in August, this year being the statutory allocation for the month of July. The distributable monthly allocation slightly decreased below N559 billion shared in the month of...

The Federation Account Allocation Committee (FAAC) shared a total sum of N691bn in the month of July representing allocation for June 2016. Of the amount N528.8bn represents Statutory allocation, N79bn represents Monetary Exchange Gain difference, N6bn for NNPC Refund to FG, N9.92bn for Solid...

The Federation Account Allocation Committee (FAAC) shared a total of N559 billion among the three tiers of government in July, this year being the statutory allocation for the month of June. The distributable monthly allocation marginally increased above N500 billion for the first time in...

Facts have emerged through a painstaking and diligent investigation that the Federal Government under President Muhammadu Buhari got a total N2,203,573,573,563.25(Two trillion, two hundred and three billion, five hundred and seventy-three million, five hundred and seventy-three thousand, five hundred and sixty-three naira and twenty-five...

The Chairman, Joint Tax Board, JTB and Executive Chairman, Federal Inland Revenue Service, FIRS Mr. Tunde Fowler has said that 70 percent of over N500 billion raised for the Federal Accounts Allocation Committee, FAAC, in June came from non-oil sector. Hear him, “of the sum,...

The monthly allocation from the Federation Account crossed the N500bn threshold for the first time in 2016 as the Federation Accounts Allocation Committee distributed the sum of N559.03bn to the three tiers of government. This is even as the gross revenue accruing to the federation...