FG, states, LGAs share N725.571 as federal allocation for March

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The Federation Account Allocation Committee (FAAC) yesterday shared a total sum of N725.571 billion to the federal government, states and local government areas as...

NNPC deducts N328bn as fuel subsidy from April allocations to FG,...

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The Nigerian National Petroleum Company Limited has announced the deduction of N328 billion as petrol subsidy from what would be shared by the Federation...

Nigeria’s debt stock climbs to N39.556trn

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The director general of the Debt Management Office (DMO) Ms. Patience Oniha has revealed that Nigeria’s total debt stock as at December 2021 stood...

Audit report indicts NCS, NIS, 13 others for failure to remit...

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The office of the auditor general of the federation has disclosed that 15 ministries, departments, and agencies failed to remit N127.13 billion revenue to...

Buhari signs N17.127trn 2022 Budget into law

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In keeping with the tradition of restoring a predictable January to December fiscal year, as provided for in the constitution, President Muhammadu Buhari Friday...

Lagos, Rivers, three others top list of most indebted states

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The Debt Management Office (DMO) has, in its latest data, revealed that Lagos, Ogun, Rivers, Akwa Ibom and Delta states owe N1.39 trillion out...

FG, states, local councils share N675.946 billion for November

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The federal, states and local councils shared N675.946 billion from the federation account for November on Friday. Acting director of information, ministry of finance, budget...

Nigeria’s public debt stock hits N38trn – DMO

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The Debt Management Office (DMO) has released statistics showing that Nigeria’s total public debt stock rose by N2.54 trillion, from N35.465 trillion at the...

FG rolls out new tax regimes in 2022 – Minister

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The federal government is set to roll out new tax regimes in 2022 saying the economy is now on the path recovery. The minister of...

FIRS, customs’ waivers, under-remittance rob FG of billions of naira –...

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The office of the auditor general of the federation has disclosed that unauthorized waivers granted by both the Federal Inland Revenue Services (FIRS) and...
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