RMAFC recognises Anambra, Kogi as oil-producing states, but…
September 1, 2021 At last, the Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has recognised Anambra and Kogi states as oil producing states with the listing of oil wells in…
After 28 years RMAFC to submit new revenue formula to President Buhari by year end Â
Aug. 25, 2021 The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the review of the revenue allocation formula will be ready for presentation to President Muhammadu Buhari by the…
Lawyers disagree with CJN’s proposal on reduction of Supreme Court justices
June 9, 2021 Some lawyers have expressed divergent views on the submission of the Chief Justice of Nigeria (CJN), Tanko Muhammad, for the reduction of Supreme Court Justices from 21…
Senate investigates CBN over N20trn unremitted stamp duties
The Senate has mandated its Committee on Finance to probe the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as…
FG to review revenue sharing formula, expand sources of revenue for the federation
President Buhari The Federal Government says it will set up a committee in the coming week to review the revenue sharing formula for Federal, States and Local Governments due…
FG to Commence Probe of 22 DMBs Over Stamp Duties Collection, Expects to Recover N100bn
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it will soon commence probe of banks over stamp duties collection as it expects to recover more than N100 billion from…