The Nigerian National Petroleum Corporation (NNPC), says it remitted N857.36 billion to the federation account in 2017. The Corporation disclosed this in a statement on its Monthly Financial and Operations Report for December 2017, released, on Tuesday in Abuja. It also said that it remitted N19 billion to the Federal Government for debt repayment, while […]
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The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. NEITI Director Communications and Advocacy, Dr Orji Orji, said this in a statement. Orji said FAAC disbursed a total sum of N6.418 trillion in 2017 showing an increase of […]
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Data obtained by FBNQuest Research has shown that gross inflows into the Federation Account have amounted to N6.14tn in 12 months. In the 12 months through to September 2017, the gross flows into the Federation Account amounted to N3.51tn from oil revenue and N2.63tn from non-oil revenue, a report by the research firm stated. FBNQuest […]
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The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account. Adeosun released details of the 2017 VAT collection in a statement by her Special Media Adviser, Mr Oluyinka Akintunde in Abuja, She said that the […]
Continue ReadingFacts have emerged through a painstaking and diligent investigation that the Federal Government under President Muhammadu Buhari got a total N2,203,573,573,563.25(Two trillion, two hundred and three billion, five hundred and seventy-three million, five hundred and seventy-three thousand, five hundred and sixty-three naira and twenty-five kobo) from the Federation Account as allocation between June 2015 and […]
Continue ReadingAs revealed in a statement by Mr Yakubu Musa, Special Assistant on Media to the chief executive of tThe Nigerian Communications Commission (NCC), the commission has remitted N70 billon into the Federation Account in the last one year.“This is in addition to the N30 billion paid by MTN Nigeria as a part payment of the […]
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