faac news

  1. Nigeria Business News

    Business FG takes highest share as FAAC disburses N762.6 billion June allocation – Nairametrics

    The Federation Account Allocation Committee (FAAC) disbursed the sum of N762.597 billion from the Federation Account to the three tiers of government in June 2019...... Read more via Nairametrics – https://ift.tt/2JVqyR7 Get more: Nigeria Business News
  2. Nigeria Political News

    Politics FG, states, LGs share N679.7bn as May statutory allocation – Vanguard News

    The Federal, states and local governments have shared N679.7 billion as statutory allocation for the month of May, 2019. Naira Federation Accounts Allocation Committee, FAAC, disclosed this in a communiqué issued at the end of the 3rd Treasury Workshop held in Kano.... Read more via Vanguard...
  3. Nigeria Metro News

    Metro Only 10 Nigerian states economically viable, 17 bankrupt [See details] – Daily Post Nigeria

    The Economic Confidential on Sunday released its Annual States Viability Index (ASVI) report. It showed that 17 States are insolvent as their Internally.... Read more via Daily Post Nigeria – http://bit.ly/2YhHbei Get More Nigeria Metro News
  4. Nigeria Business News

    Business NNPC Spends N623.16bn On Fuel Subsidy In 11 Months – Sahara Reporters

    Despite claims to the contrary, the Nigerian National Petroleum Corporation (NNPC) has reported to the Federation Account Allocation Committee (FAAC) that it spent N623.16 billion on under-recovery otherwise known as subsidy from..... Read more via Sahara Reporters – http://bit.ly/2SmwwfM...
  5. Nigeria Business News

    Business Nigeria’s Excess Crude Account depletes 73% in three weeks – Premium Times Nigeria

    Controversy trailed Wednesday’s revelation by the Federation Accounts Allocation … Read more via Premium Times Nigeria – https://ift.tt/2EHN7Hy Get more: Nigeria Business News
  6. Nigeria Political News

    Politics Here’s how FG, States and LGs shared N6.2 trillion in the last three quarters of 2018 – Pulse.ng

    In the last three quarters of 2018, the Federation Account Allocation Committee (FAAC) has disbursed about N6.2 trillion to the three tiers of government. A breakdown of the disbursement seen by Business Insider Sub-Saharan Africa shows the federal government received the highest sum of...
  7. curator

    Business N840bn Inflow To Drive Liquidity At Money Market – Leadership Nigeria Newspaper

    With over N840 billion expected to hit the financial system this week through inflows from matured bills and Federal Accounts Allocation Committee (FAAC), liquidity in the... Read more via Leadership Nigeria Newspaper – https://ift.tt/2LJBXFF Get more: Nigeria Business News
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    Politics FAAC: Finance ministry shares N669 billion amidst controversy – pulse.ng

    The Ministry of Finance released N668.9 billion for salaries to cushion the impact of the stalemate in the FAAC June 2018 meeting. The Ministry of Finance has released N668.9 billion to the three tiers of government despite the deadlock that greeted the … Read more via pulse.ng – Nigeria’s...
  9. curator

    Business CBN Directs Banks to Bid for First Chinese Yuan Auction – Thisdaylive Newspaper

    The Central Bank of Nigeria (CBN) yesterday commenced its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the.... Read more via Thisdaylive Newspaper – https://ift.tt/2JH3IJU Get more: Nigeria Business News
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    Politics EXCLUSIVE: FAAC overpaid governors N10bn in bailout funds – TheCable

    The federation accounts allocation committee (FAAC) paid states an excess of N10 billion while sharing bailout funds in 2016, TheCable can report. This is contained in the recently released annual report... Read more via TheCable – https://ift.tt/2L8MM4i Get More Nigeria Political News
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    Politics Osinbajo in crucial meeting with governors, NNPC’s boss, CBN’s governor over recent FAAC deadlock meeting – Naija.ng News

    Vice President, Yemi Osinbajo and some governors have commenced the National Economic Council (NEC) meeting to resolve the controversial issue … Read more via Naija.ng News – https://ift.tt/2Nvq4QT Get More Nigeria Political News
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    Politics Governors meet to discuss FAAC deadlock, minimum wage – Premium Times Nigeria

    The Nigeria Governors’ Forum (NGF) on Wednesday night met in Abuja to discuss matters arising from the Federation Account Allocation Committee (FAAC) deadlock, minimum wage, among other issues. The News Agency of Nigeria (NAN) recalls that the June monthly meeting of FAAC in Abuja ended …...
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    Politics How we paid June Salaries without FAAC by Governor Wike – ScanNews Nigeria

    Rivers State Governor, Nyesom Ezenwo Wike has stated that his administration was able to pay the salaries of Civil Servants for June 2018 without releases from.... Read more via ScanNews Nigeria – https://ift.tt/2umzqXU Get More Nigeria Political News
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    Politics Again, FAAC meeting to share Nigeria’s June revenue deadlocked – Premium Times Newspaper

    The rescheduled meeting of the Federation Account Allocation Committee (FAAC) on Thursday again ended in a deadlock, resulting in the meeting being suspended indefinitely. On Tuesday, the meeting, which was... Read more via Premium Times Newspaper – https://ift.tt/2KRGt5l Get More Nigeria...
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    Politics Reps to probe non-remittance of over N100bn June allocation – BusinessDay News

    The House of Representatives on Tuesday unveiled plans to investigate the immediate and remote causes of non-remittance of over N100 billion oil revenue into the.... Read more via BusinessDay News – https://ift.tt/2L4DK4s Get More Nigeria Political News
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    Politics FAAC deadlock: Buhari to decide on NNPC — Adeosun – Vanguard Newspaper

    PRESIDENT Muhammadu Buhari, yesterday, agreed to meet officials of Nigeria National Petroleum Corporation, NNPC, over failure of the corporation to make accurate remittances to the Federal Allocation Account Committee, FAAC, in … Read more via Vanguard News – https://ift.tt/2lWIBcP Get...
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    Politics Federation Account & Allocation Committee Meeting Deadlock To Affect Salaries – FG – Nairaland News

    Salaries in states may be affected unless issues that led to the deadlocked meeting between the Federation Account and Allocation Committee … Read more via Nairaland – https://ift.tt/2N9cjaZ Get More Nigeria Political News
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    Politics FAAC disburses N289.04bn to FG in May – NBS – The Sun Newspaper

    Maduka Nweke The Federation Accounts Allocation Committee (FAAC) disbursed the sum of N289.04 billion to the Federal Government in May. This is as a civic organisation has said that only 15 out of the 36 states of the country, representing about 46 per cent, have published their … Read...
  19. curator

    Banks refund N654.49m excess charges to federation account – Vanguard News

    Nigeria Bureau of Statistics (NBS) said that banks have refunded N654.49 million excess charges deducted from government bank accounts related to the federation account. The Bureau disclosed this in its Federation Account Allocation Committee (FAAC) disbursement report for March 2018. Read...