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FAAC: FG, States, LGCs Share N1.1trn For August

By Agency Report The Federation Account Allocation Committee (FAAC), has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils...

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FG, States, Local Govts Share N3.06tn As Naira Dips Further to 990/$1 At Parallel Market

By Louis Achi Nigeria's Naira continues in its weak form on Wednesday as it depreciated to N990 to a dollar at the parallel market as...

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July 2023 Allocation: FG, States, LGACs Share N966.110bn From N1746.491 trn Gross Revenue

At its meeting chaired by the Honourable Minister of Finance and the Co-ordinating Minister of the Economy, Mr. Wale Edun, Tuesday, the Federation Account...

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Tinubu Approves Infrastructure Fund For States

As FAAC Shares N907bn, to save the rest of N1.9 trn after statutory deductions By Emmanuel Okwara President Bola Tinubu has approved the establishment of...

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Why We Paid N123bn Interim Dividend To FAAC – NNPCL

By Agency Report The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the...

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Nigeria Gains From Single Exchange Rate As FAAC Shares Record N1.959tr Revenue in July

By Ayo Yusuf The adoption of a single exchange rate has began to yield positive results as the Federal Account Allocation Committee doles out a...

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May Revenue: FAAC Shares N786.161bn To FG, States And LGCs

The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States...

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