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...

TAIWO OYEDELE PRESIDES OVER FAAC, SHARES RECORD ₦2.036 TRILLION FOR MARCH 2026 SECOND TIME IN 2026 DISBURSEMENTS TOP ₦2 TRILLION MARK.(PHOTO).


 Taiwo Oyedele Presides Over FAAC, Shares Record ₦2.036 Trillion for March 2026 Second Time in 2026 Disbursements Top ₦2 Trillion Mark.


Incoming Coordinating Minister of the Economy, Taiwo Oyedele, chaired his first FAAC meeting in his new ministerial role, overseeing the allocation of ₦2.036 trillion in Federation Account revenue for March 2026.


This marks the second time this year that FAAC disbursements to the federal, state, and local governments have exceeded the ₦2 trillion threshold.


Key Figures from the Meeting:


Total distributable revenue: ₦2.036 trillion


Distributable statutory revenue: ₦1.320 trillion


Distributable VAT revenue: ₦515.391 billion


Augmentation: ₦200 billion


Gross revenue inflow for March: ₦2.364 trillion


Cost of collection: ₦81.084 billion


Transfers, refunds, and savings: ₦246.872 billion


Breakdown of the ₦2.036 Trillion Allocation:

Federal Government: ₦789.159 billion

State governments: ₦657.596 billion

Local government councils: ₦468.826 billion

Derivation (13% to oil-producing states): ₦120.759 billion


Statutory Revenue Component (₦1.320 trillion):

Federal: ₦632.260 billion

States: ₦320.691 billion

Local governments: ₦247.239 billion

Derivation: ₦120.759 billion


VAT Component (₦515.391 billion):

Federal: ₦51.539 billion

States: ₦283.465 billion

Local governments: ₦180.387 billion


Augmentation (₦200 billion):

Federal: ₦105.360 billion

States: ₦53.440 billion

Local governments: ₦41.200 billion


The distribution details were provided in a statement from the Office of the Accountant General of the Federation, signed by Bawa Mokwa, the Director of Press and Public Relations.

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