Excess Crude Account

The three-component units of the Nigerian government are now in good stead to meet their obligations for February following the injection of a total sum of N640.310 billion by the Federation Accounts Allocation Committee (FAAC) to make the…

AMINA HUSSAINI The Federation Account Allocation Committee (FAAC) at the weekend shared a total of N651.184 billion as June 2020 allocation among the Federal, State, and Local Governments, and relevant agencies in the country.…

By TAYO ELEGBEDE Amidst oil price volatilities occasioned by the coronavirus pandemic, Nigeria Extractive Industry, and Transparency Initiative (NEITI)  has asked the federal government to wean the country of the unhealthy…

AMINA HUSSAINI, Abuja Nigeria seems to be facing a real tough time than anticipated as the monthly meeting of the Federation Account Allocation Committee (FAAC) held Wednesday ended inconclusively owing to inadequate revenue. The…

AMINA HUSSAINI, Abuja The Federation Account Allocation Committee (FAAC) wednesday shared N647.35 billion among Federal, States and Local Governments as allocations from January accruals Mahmoud Isa-Dutse, Permanent…

Having received a presentation of the Nigeria Sovereign Investment Authority (NSIA) business update, and outlook, The National Economic Council on Thursday rose from its 99th meeing with a resolve to inject additional $250…

By UMORU ABDULKADIR  The Federation Accounts Allocation Committee on Thursday injected N720.88 billion to the economy as it shared August allocation among the three tiers of government. The N720.880bn comprised revenue from Value…

UMORU ABDULKADIR The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed says the Federal Government has resolved to recover N614 billion loan facility from 35 states of the federation. The minister who…

The Peoples Democratic Party on Sunday pleaded with the National Assembly to, as true representatives of the people, be firm in invoking its powers under Sections 88 and 89 of the 1999 Constitution (as amended) to invite President Muhammadu…

The Presidency on Monday gave additional details on how the controversial $1bn approved from the Excess Crude Account in 2017 to fund security operations was spent. According to the   Presidency,  the unspent balance as of today  is …