Thursday, April 25, 2024
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    FAAC allocation declines by 30%, states’ finances may worsen

    Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing...

    We’ll deduct N242.53bn fuel subsidy from FAAC this month – NNPC

    The Nigerian National Petroleum Company Limited is to deduct N242.53bn as subsidy on Premium Motor Spirit, popularly called petrol, from the Federation...

    States may face salary crisis as FAAC drops to four-year low, sheds N125bn

    Some states are set to face fresh economic challenges as the Federal Allocation has dropped to a four-year low, Saturday PUNCH has...

    Petroleum Industry Act: States tackle FG today as FAAC meets, NBA advises governors

    We’ll review the law at FAAC today and disclose our position – Benue commissionerThe 36 state governments will today (Thursday) at the...

    Must Read

    NiMet predicts three-day sunshine, thunderstorms from Monday

    The Nigerian Meteorological Agency has predicted sunshine and thunderstorms from Monday to Wednesday. NiMet’s weather outlook released on Sunday in Abuja, forecast sunny and hazy...

    FG plans three national ID cards for 104m Nigerians June

    The Federal Government is to launch three new national identity cards in May this year and has a target of providing them for about...

    LP kicks as NLC meets on Abure’s fate today

    Stakeholders of the Nigeria Labour Congress will today meet to take a decision on the leadership crisis rocking the Labour Party and the return...