The Federation Account Allocation Committee (FAAC) has shared a total sum of N636.602 billion April 2022 federation account revenue to the federal government, states and local government councils. This was contained in a communiqué issued at the end of a virtual meeting of the FAAC for May 2022. The N656.602 billion total distributable revenue comprised […]
read more FAAC shares N656 billion to FG, states, LG in April 2022
The Federal Government generated N532.48 billion from company income tax (CIT) in the first quarter (Q1) of this year, up 53.09 percent from N347.81 billion in the previous quarter, the National Bureau of Statistics (NBS) has said. The NBS, in a report released on Thursday, said local payments were N209.13 billion in Q1 2022, while read more Company income tax jumps 53% to N532.48bn in Q1
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