Exchange Gain Difference News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The total revenue distributable for the month was augmented with the sum of N6.9bn and N3.4bn drawn from the forex Equalisation Account and Exchange Gain Difference, respectively. The communiqué, issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting, showed that the Gross Revenue available from Value Added Tax (VAT) for December 2020 was N171.4bn as against N158.7bn distributed in November 2020, resulting in an increase of N14.5bn. The distribution was as follows: federal government got N23.9bn, states N79.6bn, local government councils N55.7bn, while Cost of...

By Etuka Sunday The Federation Accounts Allocation Committee (FAAC), yesterday at its meeting through Virtual Conference shared to the three tiers of government, a total sum of N619.343 billion as federation allocation for the month of December, 2020. From this amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal Government received N218.297 billion, the States received N178.280 billion, the Local Government councils got N131.792 billion while the oil producing states received N31.827 billion as derivation (13% of Mineral Revenue) and Cost of Collection/Transfer and Refunds...

Vanguard News FG, States, LGs share N619.3bn for December 2020 On Zainab Ahmed, Minister of FInance The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr Hassan Dodo, Director of Information, Ministry of Finance, Budget and National Planning announced this on Wednesday in Abuja. Dodo said the allocation was released after a virtual conference of the Federation Accounts Allocation Committee (FAAC). The committee, in its communique, noted that N619.343 shared included cost of collection to Nigeria Custom...

Abuja, Jan. 20, 2021 The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr Hassan Dodo, Director of Information, Ministry of Finance, Budget and National Planning announced this on Wednesday in Abuja. Dodo said the allocation was released after a virtual conference of the Federation Accounts Allocation Committee (FAAC). The committee, in its communique, noted that N619.343 shared included cost of collection to Nigeria Customs Service (NCS), Department of Petroleum Resources (DPR) and the Federal Inland...

The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020.