Page 6 - Excise Duties News Today

Federation Account Allocation Committee (FAAC), shares N966.1 billion to the Federal, States and Local Government Councils for July.

…Says only $2.7bn approved for refinery rehabilitation, not $19bn   Established 46 years ago, the NNPC has recently come under intense attack for rundown refineries, and non-remittance of cash due to the Federation Account. The situation has become tense as revenues accruing to states dropped drastically since the advent of Covid-19. For a country that…

IVE always thought it strange that after all the extraordinary technological advances in the world, our tax rate still increases, as does inflation and so interest rates.

Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June.

By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion June 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. In a statement on Thursday night by the Director of Press and Public Relations in the Office of the Accountant General of

The Nigerian National Petroleum Company (NNPC) Limited said it has remitted N123 billion to the federation account for the month of June 2023.

This, is in deliberate move to consolidate the oil giant Corporation post Petroleum Industry Act (PIA) 2021 status as an income generating company.

The News Agency of Nigeria reports that FAAC had on Thursday shared N907 billion among the three tiers of government.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion June 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for July 2023. The meeting was chaired by

The PUNCH observed, however, that the increase recorded for May was higher than that of June despite the fuel subsidy removal.