Monday, November 12, 2018

Tag "federation accounts allocation committee (FAAC)"

    FAAC shares N668.8bn despite deadlock

FAAC shares N668.8bn despite deadlock

The federation accounts allocation committee (FAAC) has disbursed N668.8 billion between the three tiers of government as revenue generated in May despite disputes between the committee members and the Nigerian National Petroleum Corporation (NNPC).Hassan Dodo, director of information at the federal ministry of finance, said the disbursement did not signify an end to the dispute.Governors had accused the NNPC of [...]

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    April allocation dips by N20bn as FAAC resolves NNPC dispute

April allocation dips by N20bn as FAAC resolves NNPC dispute

The April allocation made available to the three tiers of government by the federation accounts allocation committee (FAAC) was N20 billion less than the March provision.Federal, state and local government shared N623.82 billion in Abuja on Thursday as against the N647.39 billion shared in March.The meeting had ended in a deadlock on Wednesday after revenue figures tendered by the Nigerian [...]

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Exchange Rates

November 9, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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