28

Nov

FAAC distributes N736.78bn to FG, States and LGs

The Federation Account Allocation Committee (FAAC) has disbursed N736.782 billion from October 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. According to the communiqué at the end of the Federation Account Allocation Committee (FAAC) meeting for November 2022, the N736.782 billion total distributable revenue was made up of N417.724 billion distributable statutory revenue; N213.283 […]

23

Nov

President Buhari unveils new N200, N500 and N1000 notes

President Muhammadu Buhari has unveiled the newly redesigned naira notes today, Wednesday, 23rd November 2022 at the State House, Abuja. The launch followed yesterday’s disclosure by the Central Bank of Nigeria that the president would launch the new banknotes today. The notes are in the N200, N500, and N1000 denominations. Source: President Buhari unveils new N200, N500[…]