NNPC Cuts Losses To N82bn From N800bn
The Nigerian National Petroleum Corporation (NNPC) yesterday said losses from vandalism and oil theft has reduced from N800 billion in 2018 to less than N82billion, a feat attributable to clampdown on vandals by joint security efforts.
Its Group Managing...
House Panel Demands NNPC’s Response To Alleged $20.3bn Withdrawals
The House of Representatives has accused the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, of refusing to respond to an audit query issued against the corporation over alleged illegal withdrawals from...
Design New Revenue Sharing Formula, Lawmakers Tell RMAFC
The House of Representatives has asked the Revenue Mobilisation, Allocation and Fiscal Commission to come up with a new revenue sharing formula that will put more resources at the disposal of state and local governments.
The House Committee...
RMAFC Recovers N474m Unremitted Excise Duty From Guinness
The Revenue Mobilisation Allocation and Fiscal Commission on Monday said it had recovered over N474m excise duty from Guinness Nigeria Plc.
The Chairman of the commission, Elias Mbam, said the recovered money had been remitted into the Federation...
RMAFC Raises Concern over States’ IGR
… Rivers, Kaduna, Enugu, Kwara, Zamfara with impressive IGR in 2019
Against the over-dependence in the monthly Federation Account Allocation, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for concerted efforts by state governments in boosting their internally...
Flared Gas Can Employ Two Million People – RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission on Wednesday lamented missed opportunities occasioned by continued flaring of gas in Nigeria.
RMAFC also projected an annual revenue generation of $1bn from gas if the gas sector was properly...
