petroleum profit tax

The Federation Accounts Allocation Committee (FAAC), Wednesday shared among the three tiers of government, a total N619.343 billion to reflate the economy. The components of the amounts are N171.358 billion Value Added Tax (VAT), N437.26…

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 Federation Accounts Allocation Committee (FAAC) has injected a total N780.926 billion into the economy, reflating the three tiers of government to enable them to meet their responsibilities for the…

AMINA HUSSAIN, Abuja. The  Federation  Account Allocation Committee (FAAC) has injected a total N693.529 billion into the economy, sharing the amount among the three tiers of government being the allocation due to them for the month…

The Nigerian Governors’ Forum (NGF) says it is seeking ways to achieve steady revenue receipts from crude oil to ensure fiscal stability for both federal and sub-national governments. The chairman of the NGF, Kayode Fayemi, said given…

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…

The Federation Accounts Allocation Committee on Wednesday distributed the sum of N619.85bn to the tiers of government. The amount was shared from the statutory revenue generated in the month of February. Addressing journalists shortly…

BARBARA BAKO, Abuja Henceforth, funds will be withdrawn from the Excess Crude Account (ECA) to augment revenue for distribution whenever the funds for sharing among the three components of governments is less than N680 billion.…

BARBARA BAKO, Abuja The Federation Account Allocation Committee on Wednesday shared N812.763bn among the three tiers of government for November 2018. The allocation was at the FAAC meeting presided by the Permanent Secretary, Isa Dutse.…

The federal, states and local governments on Thursday shared N698.7 billion as statutory allocation from the federation account for September 2018. The funds were distributed during the meeting of the Federation Accounts Allocation…