Tag: Ministry of Finance
FG stops salaries of tertiary institutions’ employees not captured on IPPS
The federal government has directed the ministry of finance not
to release funds for the payment of salaries of tertiary institutions’ staff
who have not enrolled...
Visually impaired professor of education wins N8.8m SUV
A visually impaired academic at the Bayero University, Kano,
Prof. Jibrin Diso, today received a car worth N8.8m won in a raffle draw with
699 other...
FG, states, local governments share N679.69bn for May
The Federal Account Allocation Committee (FAAC), on Thursday
shared N679.69 billion among the federal government, states, and local
government areas as federal allocation for the month...
FAAC shares N619bn to three tiers of government
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...
FAAC allocates N610bn as government revenue drops by N42bn
The gross revenue that accrued into the federation account
dropped by N42.21 billion from N547.46bn recorded in December last year to
N505.24 billion in January.
This was...
FIRS nets N5trn, projects N5.3trn by year-end
The executive chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler has said that the agency generated N5 trillion by the second...
FG gives states conditions for accessing $2.689b Paris Club Refund
The ministry of finance has said that states have to repay budget support loans granted in 2016 and pay workers’ salary arrears before they...
Local manufacturers not targets of new excise duty rates—Ministry of finance
The ministry of finance has disclaimed that the new excise duty rates on alcoholic beverages and tobacco which came into effect from June 4,...
Group challenges implementation of new tariffs on alcoholic beverages, tobacco
A non-governmental organisation, Business Renaissance Group, has filed a case at the Federal High Court in Abuja asking it to restrain the minister of...
Adeosun heightens frustration of ex-Nigeria Airways workers
The minister of finance, Mrs. Kemi Adeosun has said although N45 billion meant for payment of severance benefits to workers of the rested Nigeria...
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