Saturday, August 15, 2020

Tag "Federation Accounts Allocation Committee"

    Despite COVID-19 crisis, FAAC shares highest Q1 revenue in six years

Despite COVID-19 crisis, FAAC shares highest Q1 revenue in six years

Disbursements from the federation accounts allocation committee to the three tiers of government in the first quarter of 2020 was the highest first-quarter disbursements since 2014. This is according to the quarterly review released by the Nigeria Extractive Industries Transparency Initiative (NEITI) on Monday. The three tiers of government received N1.95 trillion in the first quarter of 2020. A breakdown of the disbursements [...]

0 comment Read Full Article
    Civil servants’ April salary may be delayed as FAAC rejects NNPC revenue figures again

Civil servants’ April salary may be delayed as FAAC rejects NNPC revenue figures again

Payment of April salary to civil servants may be delayed as the Federation Accounts Allocation Committee (FAAC) has for the second month in a row rejected the revenue figures presented by the Nigerian National Petroleum Corporation (NNPC). In March, the FAAC meeting had ended in a deadlock because of a shortfall of N37.7 billion in NNPC remittances until Kemi Adeosun, minister [...]

0 comment Read Full Article
Advertisement
Advertisement
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement