FG Orders State MDAs to Stop Accounts in Commercial Banks   As part of its efforts to enforce the Treasury Single Account (TSA) policy, the Federal Government has instructed state-based Ministries, Departments, and Agencies (MDAs) to immediately discontinue operating accounts with commercial banks. This was according to a...

FAAC Shares N1.411tr to FG, States, LGAs for October The Federation Account Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government for October 2024. This was disclosed during the committee’s November meeting held in Bauchi, chaired by the Accountant General of the...

FG Records Tax Revenue Windfall, Banks’ Tax Rises by 109.6%   There are indications that the Federal Government is having great times in its finances as its revenue from Value Added Tax (VAT) and Company Income Tax (CIT) rose by 85 per cent year-on-year, YoY, to...

FAAC: FG, States, LGs share N1.1trn for June The Federation Account Allocation Committee (FAAC) has shared the sum of N1.127 trillion to the federal, States and Local Governments. The distribution was the outcome of today’s FAAC meeting chaired by the Accountant General of the Federation, Dr....

According to a leaked memo seen by Economic Confidential, the Minister had requested approval, which the Chief of Staff granted on behalf of President Bola Tinubu.

Falana to Betta Edu: Apologise For Betraying Tinubu Govt   Renowned rights activist Femi Falana has urged Minister for Humanitarian Affairs and Poverty Alleviation, Betta Edu, to apologize and step down for allegedly betraying the trust of the Federal Government and Nigerians. Falana criticized Edu’s handling of...