FG Reconstitutes Tax Appeal Tribunals The Federal Government has reconstituted the Tax Appeal Tribunals in the six geo-political zones as well as Lagos and Federal Capital Territory. The reconstitution of the Tribunals is in accordance with Section 2(1) of the Fifth Schedule of the Federal Inland...

AFREXIMBANK Investment In Nigeria hits $17bn .The Africa Export-Import Bank (AFREXIMBANK) total investment in the Nigerian economy has hit over $17 billion. The President of the bank, Dr. Benedict Oranmah, stated this at the Ground-Breaking Ceremony of the Anglophone Regional Office, in Abuja. “Approvals to various...

FAAC: NNPC must remit N20b- States The ongoing controversy between the Federation Account Allocation Committee (FAAC) and the Nigerian National Petroleum Corporation (NNPC) may not be resolved soon as the states insist that the sum of N20billion must be remitted to the federation account by...

NNPC Vs FAAC: Buhari Intervenes in Controversy President Muhammadu Buhari has offered to intervene in the disagreement between the Federation Account Allocation Committee (FAAC) and the Nigerian National Petroleum Corporation (NNPC). This disagreement had frequently disrupted the monthly Federation Allocation disbursements. It was gathered from sources...

FAAC Meeting deadlocked over Disagreement June salaries of federal and states civil servants across the country may not be paid on time as the Federation Account Allocation Committee (FAAC’s) technical session held in Abuja was abruptly adjourned on account of Nigerian National Petroleum Corporation (NNPC)...

Banks must get Adeosun’s approval before lending to states – DMO To reduce their exposure to huge indebtedness, the state governments can no longer borrow from the banks or the bond market without the express approval of the Minister of Finance acting on the advice...