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Business and Economy

FG, States, LGs share N647.35bn for January

FAAC: FG, States, LGAs share money for January By Solomon Asowata The Federal, States and Local Governments on Wednesday shared a total of N647.35 billion for the month of January as the Federation Account Allocation Committee (FAAC) meeting ended in Lagos. The News Agency of Nigeria (NAN) reports that the …

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SEC advises state govts on internal revenue generation

SEC Towers By Solomon Asowata The Securities and Exchange Commission Nigeria (SEC) on Tuesday advised state governments to establish companies for specific target projects in order to boost their Internally Generated Revenue (IGR). Ms Mary Uduk, Acting Director-General, SEC, gave the advice while speaking at the ongoing Federation Account Allocation Committee …

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