Tag: Federation Account

26 States depend on FAAC as wage bills outstrip IGR

Economy Emmanuel -
26 States Struggle to Fund Personnel Costs The finding that 26 states depend on FAAC to meet their personnel obligations...

Federation oil earnings crash despite global oil rally as Nigeria faces fresh revenue pressure

Business Damilola Bayonle -
Federation oil earnings fall sharply despite rising crude oil prices Federation oil earnings from Nigerian National Petroleum Company Limited’s Production...

States demand probes of $8.8bn crude-for-loan deals as Nigeria battles oil revenue leakages

Business Damilola Bayonle -
Growing concerns over Nigeria’s crude-backed borrowing arrangements have triggered renewed calls for transparency in the country’s oil revenue management,...

States defend Tinubu’s oil revenue order, say it’s about constitution, not cash windfall

Business Damilola Bayonle -
Oil revenue shakeup: States back Tinubu’s Executive Order State governments have thrown their weight behind President Bola Tinubu’s latest directive...

PENGASSAN engages presidential committee over Tinubu’s oil revenue executive order

Business Damilola Bayonle -
Tinubu’s oil revenue executive order: PENGASSAN meets presidential committee Wednesday The Petroleum and Natural Gas Senior Staff Association of Nigeria...

Tinubu’s executive order 9 sparks debate as FG insists it protects Nigeria’s oil revenue system

Business Damilola Bayonle -
FG defends Executive Order 9 as oil revenue safeguard The Federal Government has intensified its defence of its latest fiscal...

PENGASSAN challenges 30% oil revenue deduction, demands urgent review of PIA

Business Damilola Bayonle -
PENGASSAN faults 30% oil revenue claim, demands review of Petroleum Industry Act The President of the Petroleum and Natural Gas...

RMAFC endorses Tinubu’s revenue order, says it will boost federation account inflows

News Damilola Bayonle -
RMAFC backs Tinubu’s executive order to curb leakages, boost Federation Account inflows The Revenue Mobilisation Allocation and Fiscal Commission has...

Oil workers kick as PENGASSAN rejects Tinubu’s oil revenue order, warn of investor backlash and job losses

Business Damilola Bayonle -
PENGASSAN rejects Tinubu’s oil revenue executive order, warns of legal and investment fallout The Petroleum and Natural Gas Senior Staff...

Customs AEO Firms Generate ₦1.58tn as Nigeria Tightens Compliance and Speeds Up Cargo Clearance

Business Damilola Bayonle -
Customs AEO revenue growth hits N1.58tn as compliance drive strengthens trade The Nigeria Customs Service has recorded a sharp rise...

Tinubu orders direct remittance of oil revenues to federation, suspends NNPC deductions in major fiscal shake-up

Business Damilola Bayonle -
Tinubu orders direct remittance of oil revenues to federation to plug leakages President Bola Tinubu has issued a sweeping Executive...

FAAC recovers N2.36tn, $7.87m as oil revenue audit uncovers massive arrears

Business Damilola Bayonle -
FAAC recovers N2.36tn, $7.87m oil revenue arrears Nigeria’s Federation Account Allocation Committee (FAAC) has recovered a cumulative N2.36tn and $7.87m...