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NEC, FAAC approve use of $1.05bn NLNG dividends  

NEC, FAAC approve use of $1.05bn NLNG dividends  

The National Economic Council (NEC) and Federation Accounts Allocation Committee (FAAC)  have approved the use of Nigeria Liquified Natural Gas dividends for financing petroleum products importation. A member of FAAC, who spoke to NAN on condition of anonymity, said that the Nigerian National Petroleum Corporation (NNPC) briefed the meetings before using the funds. He said […]
The post NEC, FAAC approve use of $1.05bn NLNG dividends   appeared first on The Sun Nigeria. …

FG, States, LGs Share N648.71bn For September

  The Federal, state, and local governments have shared a total of N648.71 billion for the month of September. Minister of Finance, Mrs Zainab Ahmed, announced this on Friday at the end of the monthly Federation Account Allocation Committee (FAAC) meeting in Abuja. According to her, the gross statutory revenue for the month is N569.3 … Continue reading FG, States, LGs Share N648.71bn For September
The post FG, States, LGs Share N648.71bn For September appeared first on Channels Television. …

Financing, major obstacle to refineries’ rehabilitation – Baru, NNPC GMD

Financing, major obstacle to refineries’ rehabilitation – Baru, NNPC GMD

He assured that NNPC was doing all it could to come up with alternative and sustainable financing that
The post Financing, major obstacle to refineries’ rehabilitation – Baru, NNPC GMD appeared first on – The Sun News. …

FAAC shares N715b revenue for July

We Believe Buhari Is Healthier To Assume Office – PDP

The Federation Accounts Allocation Committee (FAAC) yesterday shared N714.8b among the three tiers of governments for the month of July. A break down of the figures shows that the amount comprised statutory revenue of N598b; Value Added Tax (VAT) of N79.8b; foreign exchange (Forex) equalisation of N25.9b and additional withheld funds by the Nigerian National […] …

FG, others got N3.5trn FAAC funds in H1’18

WITH the distribution of N668.9 billion for the month of June 2018, as indicated in the report of the National Bureau of Statistics, NBS, Monday, the three tiers of Nigerian government have shared a total of N3.5 trillion as statutory allocations in the first half of 2018, H1’18.
Continue reading FG, others got N3.5trn FAAC funds in H1’18 at Vanguard News. …

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