Wednesday, 25 May 2016

FAAC Shares N281bn to FG, States, LGs as Six States Hit by Tomato Ebola

Latest from the Economic Confidential, the factual, authoritative and accessible economic magazine
 
FAAC Shares N281bn to FG, States and LGs in May 2015
The Federation Account Allocation Committee (FAAC) has approved a total of N281bn as statutory revenue and VAT allocation for distribution to the three tiers of government allocation this month of May 2016.
 
Military Payroll: FG saves N50bn, Discovers 43,000 Ghost Workers
Chairman of the Continuous Audit team and Director with the Finance ministry, Mr Mohammed Dikwa, has disclosed that N50 billion was saved so far through the audit of military payroll.
 
Power: We're In Very Bad Situation – Osinbajo
Vice President Yemi Osinbajo says Nigeria is facing a very dire situation on power supply.
 
FG Confirms Six States Hit By 'Tomato Ebola'
The federal government on Tuesday confirmed the six states hit by a pest called the Tomato Leaf Miner or Tuta absoluta, commonly referred to as 'Tomato Ebola.'
 
FG To Formulate Strategic Plan To Curb Niger Delta Militancy
Owing to the recent incessant attacks on oil and gas installations by militants in the Niger Delta, President Muhammadu Buhari  has said the federal government was currently formulating key strategies on how to tackle the crisis.
 
Pipeline Bombing: Nigeria's Oil Export Dips Further By 21,000bpd
Nigeria is currently losing an additional $1.017 million (about N203.45 million daily) as the country's crude oil export dipped further by 21,000 barrels per day, due to recent bombings of pipelines in the Niger Delta.
 
Senate Asks FG To Recover N42bn Waivers Granted Dangote, Bua, Others
The Senate has asked the federal government to recover N42 billion grants as import duty waivers to six companies including Dangote Limited and BUA Sugar Refinery between 2013 and 2015.
 
Looters Block Effort To Recover £300m Abacha's Loot –FG
An attempt by the Federal Government to repatriate £300m stolen funds from the State of Jersey (an autonomous British territory) has suffered a setback…, says the Minister of Foreign Affairs, Mr. Geoffrey Onyeama.
 
Africa Inching Towards Debt Crisis – AfDB President
For African countries to continue to remain resilient, they must not get into a debt crisis, the President of the African Development Bank, (AfDB), Dr Akinwumi Adesina, has said.
 
Flexible Exchange Rate Policy Will Stabilise Naira- Financial Experts
Two financial houses have lauded the flexible exchange rate policy adopted by the CBN, saying it would boost forex liquidity and stabilise the Naira.

For more, please visit our websites:
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)