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Tag "FAAC"

FAAC: FG, states, LGAs shared N1trn in August — up by N192bn

    FAAC: FG, states, LGAs shared N1trn in August — up by N192bn

The federation account allocation committee (FAAC) says it shared N1.1 trillion among the three tiers of government in August 2023. The figure represents an increase of N192.46 billion compared to N907.54

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FG, states, LGAs shared N966bn in July | Wale Edun calls for discipline in money supply

    FG, states, LGAs shared N966bn in July | Wale Edun calls for discipline in money supply

The Federation Account Allocation Committee (FAAC) says it shared the sum of N966.11 billion among the three tiers of government in July 2023. The committee disclosed this in a communique

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A test of Bola Tinubu’s political will

    A test of Bola Tinubu’s political will

Nigeria is on auto-replay. Every time I make this statement, I feel a tad older than I really am, but let me tell you some stories. In April 2016, I

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NNPC: Payment of N123bn to FAAC shows we’re moving in right direction

    NNPC: Payment of N123bn to FAAC shows we’re moving in right direction

The Nigerian National Petroleum Company (NNPC) Limited says remitting an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for June 2023 shows a positive trajectory.  Umar

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FAAC allocation to FG, states, LGAs increased by N120bn in June

  FAAC allocation to FG, states, LGAs increased by N120bn in June

The federation account allocation committee (FAAC) says it shared N907.05 billion among the three tiers of government in June 2023.

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EXCLUSIVE: Subsidy payments gulped N1.82trn in five months, arrears hit N3.73trn

  EXCLUSIVE: Subsidy payments gulped N1.82trn in five months, arrears hit N3.73trn

The Nigerian National Petroleum Company (NNPC) Limited says it paid N307.408 billion as petrol subsidy payment in May 2023. The

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Electricity tariff hike, state IGR… 7 business news to track this week

  Electricity tariff hike, state IGR… 7 business news  to track this week

Here are the seven top business stories you need to track this week — June 26 to July 30. ELECTRICITY

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Sources: Tinubu sets up committee to resolve NNPC, FAAC row over N2.1trn remittances

  Sources: Tinubu sets up committee to resolve NNPC, FAAC row over N2.1trn remittances

President Bola Tinubu has set up an inter-agency committee to resolve the lingering row between the Nigeria National Petroleum Company

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FAAC: FG, states, LGAs shared N655bn in April — down by N58bn

  FAAC: FG, states, LGAs shared N655bn in April — down by N58bn

The federation account allocation committee (FAAC) says it shared N655.93 billion among the three tiers of government in April 2023.

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FAAC: FG, states, LGAs shared N722bn as allocation in February — down by N27bn

  FAAC: FG, states, LGAs shared N722bn as allocation in February — down by N27bn

The Federation Account Allocation Committee (FAAC) says it shared N722.677 billion among the three tiers of government in February 2023.

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