Tag
EMTL
The Federation Account Allocation Committee (FAAC) has announced a total of N1.578 trillion shared among the three tiers of government as revenue generated in March 2025.
The Federal Government, States, and Local Government Councils have shared a total of N1.703 trillion from the Federation...
Experts in the financial industry are worried that the implementation of multiple charges on financial transactions could reverse the gains the country has recorded in its financial inclusion drives.
The Federal Government, states, and local government councils shared a total of N1.727 trillion in revenue generated in November 2024.
The Federation Account Allocation Committee (FAAC) has announced the distribution of N1.208 trillion to various levels of government in May 2024 from various revenue sources, including statutory allocations, value-added tax (VAT), and electronic money transfer levies (EMTL).
The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.15 trillion in revenue to the three tiers of government in February 2024, marking an N20 billion increase (1.77%) from the N1.13 trillion allocated in January 2024.
Nigerian banks will deduct the backlog of EMTL on old foreign currency transactions carried out by Nigerians on January 31, 2024.
The Federation Account Allocation Committee (FAAC) says it shared N906.96 billion among the three tiers of government for October 2023.
In August 2023, the Federation Account Allocation Committee (FAAC) disbursed a grand total of N1.1 trillion in Federation Account Revenue to various tiers of government, as reported by the Office of the Accountant General of the Federation on a Friday.