FAAC
FAAC shares N1.411 trillion to Federal, State, and Local Governments for October
Business & Economy
November 20, 2024
FAAC shares N1.411 trillion to Federal, State, and Local Governments for October
The Federation Accounts Allocation Committee (FAAC) has disbursed a total of N1.411 trillion to the Federal Government, State Governments, and…
Delta State govt proposes N936 billion budget for 2025
Business & Economy
November 12, 2024
Delta State govt proposes N936 billion budget for 2025
The Delta State Government has approved the submission of a proposed budget of N936 billion for the 2025 fiscal year…
FAAC revenue hits N6.28 trillion in Q2 2024 as VAT, import duties offset low oil earnings
Business & Economy
November 7, 2024
FAAC revenue hits N6.28 trillion in Q2 2024 as VAT, import duties offset low oil earnings
The revenue of the Federation Account earnings (FAAC) rose to N6.28 trillion in the second quarter of 2024, driven by…
Rivers State got 60.44% of its total revenue from federal allocation in 2023
Business & Economy
October 30, 2024
Rivers State got 60.44% of its total revenue from federal allocation in 2023
Rivers State, a major oil-producing region in Nigeria and often referred to as the “Treasure Base of the Nation,” received…
CBN confirms FAAC allocations impacting exchange rate stability – Nairametrics
Business & Economy
September 24, 2024
CBN confirms FAAC allocations impacting exchange rate stability – Nairametrics
The Central Bank of Nigeria (CBN) has alluded that there is a correlation between monthly disbursement from the Federation Account…
FAAC: FG, States, LGCs share N1.203 trillion August 2024 revenue, down by 11.4% from July
Business & Economy
September 18, 2024
FAAC: FG, States, LGCs share N1.203 trillion August 2024 revenue, down by 11.4% from July
The Federal Government, States, and Local Government Councils (LGCs) shared a total of N1.203 trillion for revenue generated in August…
FAAC: Shared revenue drops by 5.38% to N1.143 trillion for May 2024
Business & Economy
June 11, 2024
FAAC: Shared revenue drops by 5.38% to N1.143 trillion for May 2024
The Federation Accounts Allocation Committee (FAAC) has announced the disbursement of N1.143 trillion as the total revenue for May 2024.…
FAAC: FG, states, LGs share N1.208 trillion from April revenue
Business & Economy
May 17, 2024
FAAC: FG, states, LGs share N1.208 trillion from April revenue
The Federation Account Allocation Committee (FAAC) has recently disclosed the distribution of N1.208 trillion to different government tiers for the…
FAAC: FG, states, LGAs share N1.123 trillion for March
Business & Economy
April 20, 2024
FAAC: FG, states, LGAs share N1.123 trillion for March
The Federation Account Allocation Committee (FAAC) has announced the distribution of N1.123 trillion to various levels of government for March…
Excess crude account: FG earmarks N16.1 billion monthly to settle states’ N1 trillion debts
Business & Economy
April 19, 2024
Excess crude account: FG earmarks N16.1 billion monthly to settle states’ N1 trillion debts
The Federal Government has set aside N16.1 billion monthly for the settlement of N1 trillion debts owed by state governments.…