RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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N415.730 BILLION HAS BEEN DISTRIBUTED AS FEDERAL ALLOCATION FOR THE MONTH OF APRIL 2017.{READ}.

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Image result for nigerian coat of arm                A total of N415.730 billion has been distributed as Federal Allocation for the month of April 2017 by the Federal Governmebt,State Governments and Local Government Councils.The communique issued by the sub-Committee of Federation Accounts Allocation Committee {FAAC} of the Office of the Accountant-General of the Federation,at the end of the meeting held in Abuja on May 23,2017,indicated that the gross statutory revenue received for the Month is N248.110 billion,which is lower than the N331.583 billion received in the previous months by N54.473 billion.The shared amount comprised the Month's Statutory distributable revenue of N272.115 billion,Value Added Tax of N81.286 billion,Exchange gain of N38.517 billion and Excess PPT Account of N20.425 billion.There was also a N6.330 billion refund to the Federal Government by Nigerian National Petroleum Corporation {NNPC}.Accordingly,from Net Statutory Allocation,the Federal Government received N124.444 billion representing {52.68%}; States received N63.119 billion {26.72%}; Local Government Councils received N48.662 billion representing {20.60%}; while the oil producing States received N22.640 billion as 13% derivation revenue.Furthermore,from the Revenue available from the Value Added Tax {VAT},Federal Government received N12.193 {15%}; States received N40.643 billion {50%} while the Local Goverment Councils received N28.450 {35%}.The Communique further explained that there was a significant increase in Export Sales revenue by about $63.69 million due to increase in average unit price of crude oil export volume by 1.07 million There was however,a decrease in the average price of Cruude oil production during the period under review.This was largely due to a shut in and shut-down of pipelines due to the activities of vandals,as well as for maintenance which impacted negatively on production.Furthermore,the Force Majeure declared at the Forcadose terminal since February,2016 was still in place.The balance on the Excess Crude Account is $2.299billion USD,while the balance in the Excess PPT Account is $67M US Dollar.
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