Tag: FAAC

EFCC charges Cubana manager with $164,000 fraud; ASUU Heading To Indefinite Strike, Demands Fresh Negotiation Committee | 5 Things That Should Matter Today

EFCC charges Cubana manager with $164,000 fraudFalconets ‘stranded’ after World Cup elimination; NFF shifts blameFG unveils energy transition strategyFAAC shares N954bn to FG, states, LGsASUU Heading To Indefinite Strike, Demands…

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The Big 5: NASS defends move to strip President of powers to order asset forefeiture, APC dismisses PDP’s coalition and other stories

These are the stories you should be monitoring today: The National Assembly has defended its move to strip the President of his power to order forfeiture of assets held by…

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The Big 5: Nine die and several injured in Lagos Tanker explosion, Presidency says more people were killed under PDP era and other stories

These are the stories you should be monitoring today: An explosion on Thursday occured along the Otedola Bridge axis of Berger in Lagos after a petrol-laden tanker exploded with the blaze reportedly…

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The Big 5: Bauchi Deputy Governor resigns. FG, States and Local Govts share N701bn and other stories

Here are the major stories you should be monitoring today: The Deputy Governor of Bauchi State, Nuhu Gidado, has resigned. Mr Gidado informed Governor Mohammed Abubakar of his decision in…

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The Big 5: States share N593.1bn between January and March, Adeosun says N1.5tn was spent on capital projects in 2017 and other top stories

These are the stories you should be monitoring today. The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in…

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CBN to sell Treasury Bills worth N212.8 billion

The Central Bank of Nigeria will on Wednesday sell Treasury Bills worth N212.85 billion. The sale is part of the Federal Government’s plan to raise money to fund the 2016…

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Federal Allocation: FG, States, LGAs share N493.8 billion in July

The monthly revenue shared by the Federation Account Allocation Committee (FAAC) to the Federal, state and Local Governments dropped to N493.8 billion in July, according to the  Office of the Accountant…

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Okonjo Iweala’s aide says she’s being persecuted

Okonjo-Iweala's media adviser, Paul Nwachukwu, has said she's being persecuted by political opponents of the last administration. He said this in a statement. Read the statement below; We thank the…

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Lawmakers are BROKE: House of representatives demand N30m quarterly allowance

by Kolapo Olapoju Lawmakers of the lower chamber of the National Assembly are reportedly cash strapped as a result of the delay in the payment of their quarterly allowances. The third…

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Opinion: Oil theft – Now that Chatham House has vindicated the Ribadu Report

by Abdulaziz Abdulaziz The question is, now that Chatham House has vindicated Ribadu, will the Federal Government eat the humble pie to now act on the Ribadu Report to save…

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I am not resigning – Okonjo-Iweala replies NGF

The coordinating minister for the economy and minister of finance, Dr Ngozi Okonjo-Iweala, has said she is not planning to resign from her position. Okonjo-Iweala, who briefed journalists on the…

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NGF crisis: Amaechi invites Jang, others for a meeting in Abuja

Chairman Nigeria’s Governor’s forum, Mr. Rotimi Amaechi, has called the Governor Jonah Jang faction to the meeting of the forum. A source closed to the Amaechi, who asked not to…

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The minister is late: Finance commissioners walk out of FAAC meeting in protest

by Isi Esene Commissioners of Finance from the 36 states of the federation, yesterday, protested against what they perceive as the unjust handling of the federation revenue by the Federal…

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