CIT

The Federation Account Allocation Committee (FAAC) has shared a total sum of N954.085 billion July 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. The Committee in a communiqué at the end…

Company Income Tax (CIT) paid by banks and other financial institutions more than doubled in the first quarter of this year relative to the corresponding year of 2021, findings by InsideBusiness have shown. According to the findings, CIT…

The Federation Accounts Allocation Committee(FAAC) has injected N601.110 billion into the economy to deepen the capacity of the three tiers of government to undertake statutory obligations. The injection is the November 2020…

AMINA HUSSAINI, Abuja. The Federal Account Allocation Committee (FAAC), Thursday injected into the economy, N716.298 billion shared among the three tiers of government being the allocation for the month of December 2019.…

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, has urged the National Assembly to make a law that will send tax evaders to jail. Mr Fowler said over 40,000 eligible taxpayers who record between N100…

Barbara Bako, Abuja The Federation Accounts Allocation Committee (FAAC) has shared a total of N616.198bn to the three tiers of government for the month of April 2019. The Committee while announcing said that the balance in the Excess Crude…

BARBARA BAKO, Abuja The Federation Account Allocation Committee on Thursday reflated the economy, sharing N788.14 billion among the three tiers of government for October Allocation. The figure for October was an increase of about N89.3bn…

Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi…