![NEC Inauguration: Buhari tells Governors "no more bail-outs", Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, States receive N2.53 trillion allocation in 2019 , IGR: States generate N986.2 billion in 9-month, up by 16.8% [full-list], FG share N8.15 trillion with states, others in 2019 , FAAC disburses N647.35 billion in February as allocation drops further](https://i1.wp.com/nairametrics.com/wp-content/uploads/2019/06/Buhari-and-governors-2-e1561364323168.jpg?resize=218%2C150&ssl=1 "FAAC disburses N647.35 billion in February as allocation drops further")
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![NEC Inauguration: Buhari tells Governors "no more bail-outs", Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, States receive N2.53 trillion allocation in 2019 , IGR: States generate N986.2 billion in 9-month, up by 16.8% [full-list], FG share N8.15 trillion with states, others in 2019 , FAAC disburses N647.35 billion in February as allocation drops further](https://i1.wp.com/nairametrics.com/wp-content/uploads/2019/06/Buhari-and-governors-2-e1561364323168.jpg?resize=150%2C150&ssl=1 "FAAC disburses N647.35 billion in February as allocation drops further")
FAAC disburses N647.35 billion in February as allocation drops further
The Federal Account Allocation Committee (FAAC) disbursed the sum of N647.35 billion to the three tiers of government in February 2020.
FG abolishes fuel subsidy regime as full deregulation sets in
Nigeria has finally bowed to long-standing pressure to restructure the downstream segment of the Nigerian oil industry through the removal of fuel subsidy.
COVID19 Response: Leadway Assurance commits N135 million in PPE equipment, test kits, foodstuff
Leadway Assurance has announced its donation of PPE materials, COVID-19 test kits and foodstuff as part of its efforts to support optimal testing and treatment of COVID-19 cases.
Cryptocurrencies and its usage in Africa
Cryptocurrency is basically, a digital currency based on an innovative technology called the blockchain. Its users range from small businesses
More pressure on the naira as Diaspora remittances to drop by 20%
A Pan-African credit rating agency has predicted that diaspora remittances for this year are going to witness a 20% decline from last year’s figure.