*The Federation Account Allocation Committee (FAAC), at its August 2024 meeting chaired by the HonourableMinister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N1,358.075 Trillion to the three tiers of government as Federation Allocation for the month of July, 2024 from a gross total of N2,613.791Trillion. From the...
Category: News
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FG, STATES, LGCs SHARE N1,358.075 BILLION JULY 2024 REVENUE
A total sum of N1,358.075 billion July 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the August 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1,358.075 billion total distributable revenue comprised distributable statutory revenue...
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BREAKING: NIGERIA MAKES HISTORY WITH $500 MILLION BOND LAUNCH: A BOLD STEP TOWARDS ECONOMIC TRANSFORMATION- EDUN
*In a groundbreaking move, the Federal Government of Nigeria has launched a $500 million domestic bond, marking a significant milestone in the country’s economic reform and development journey. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while unveiling the Series I USD500 Million Domestic FGN US Dollar Bond today...
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CGC Adeniyi Hands Over Vice-Chair of WCO West & Central African Region to Head of Mali’s Customs Administration
In a remarkable event on Tuesday, 13 August 2024, at the Nigeria Customs Service Headquarters, the Comptroller General of Customs Bashir Adewale Adeniyi hands over the Vice-Chair of the WCO West and Central Africa Sub-Region to Mali’s Inspector-General of Customs, Amadou Konate. The CGC emphasised that the sub-region serves as a platform for Customs Administrations...
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FG INAUGURATES TECHNICAL SUB-COMMITTEE ON NAIRA-BASED CRUDE SALES TO LOCAL REFINERIES*
In a significant step towards enhancing Nigeria’s refining capacity so as to promote economic growth and development of the country, the Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy,...
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NIGERIA CUSTOMS SERVICE UNVEILSGUIDELINES FOR IMPLEMENTATION OF ZERO DUTY RATE ON SOME BASIC FOOD ITEMS
Drawing from the Presidential directives aimed at alleviating the hardship faced by Nigerians due to high prices of essential food items, the Nigeria Customs Service (NCS) is pleased to announce that His Excellency, the President of the Federal Republic of Nigeria Bola Ahmed Tinubu GCFR through the Honourable Minister of Finance and the Coordinating Minister...
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CHANGE OF BARTON: DIDI WALSON-JACK TAKES OVER FROM YEMI-ESAN
CHANGE OF BARTON: DIDI WALSON-JACK TAKES OVER FROM YEMI-ESAN– Commits to Fast Tracking Reforms in the Service Following the appointment and the swearing-in of the new Head of the Civil Service of the Federation (HoSF), Mrs. Didi Esther Walson-Jack, OON, mni by President Bola Ahmed Tinubu, GCFR at the Federal Executive Council meeting, yesterday, the...
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NNPCL Boss, Kyari Continues to Advocate For Onslaught Against Crude Oil Theft and Pipeline Vandalism.
*…Says NNPC Ltd Witnessing Improved Growth in Crude Production The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism saying the current onslaught against the menace has yielded improved growth in the nation’s crude oil production. GCEO, NNPC Ltd, Mr....
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FINANCE MINISTER LEADS STRATEGIC MEETING ON NNPCL CRUDE SALES IN NAIRA*
In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met...
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Breaking: IGP Egbetokun Debunks Allegations of PolIce Raiding NLC’s Head Office.
The Inspector General of Police, Kayode Egbetokun, has refuted allegations by the Nigeria Labour Congress (NLC) that police raided its head office in Abuja. Speaking at the Nigeria Police Force Youth Summit in Abuja on Monday, Egbetokun disclosed that the police only targeted a specific shop within the NLC building, which was linked to a...