Business
FAAC shares N715b revenue for July

A break down of the figures shows that the amount comprised statutory revenue of N598b; Value Added Tax (VAT) of N79.8b; foreign exchange (Forex) equalisation of N25.9b and additional withheld funds by the Nigerian National Petroleum Corporation (NNPC) of N12b.
Minister of Finance and Chairman of FAAC, Kemi Adeosun, who addressed journalists at the end of the meeting in Abuja, said the revenue was distributed among the three tiers of government as follows: Federal Government (N298.288b); states (N183.773b) and local councils (N138.964b).
Oil producing states receivedN49.7b, while revenue generating agencies and statutory transfers got N44.007b.
-
Politics5 days ago
2023 Election: 6 Women Who Won The Seat of Deputy Governors Of Their Respective States (Photos)
-
Politics6 days ago
PDP Clears Diri For Bayelsa Governorship Election
-
Politics6 days ago
UPDATE; Total Numbers Of States PDP Has Won In The Governorship Elections Across Nigeria So Far
-
Politics3 days ago
Because You Lost, You Want To Force Us To Believe That The Election Was Rigged For Tinubu —Betta Edu
-
News7 days ago
It’s Official: PDP’s Dauda Lawal wins Zamfara, defeats Governor Matawalle
-
National3 days ago
Video Of Correctional Officer Kawana Jenkins Who Was Fired For Having Relations On Camera With Inmate
-
Politics3 days ago
BAYELSA 2023: SDP Clears Barr Binalayefa Joshua Osuluku Esq. and Ebinabo Rebecca Doibo For Bayelsa Governorship Election.
-
Health1 day ago
What Are The Disadvantages Of Releasing Spérm Daily?