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Tag "FAAC"

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. The disbursement shows a decrease of N27.497 billion compared to

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13% derivation: We’ve only received N44.7bn out of N240bn, says Delta

    13% derivation: We’ve only received N44.7bn out of N240bn, says Delta

The Delta government says it has only accessed N44.7 billion out of the N240 billion due to it from the 13 percent derivation fund owed by the federal government. Fidelis

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EXCLUSIVE: Nigeria’s revenue dropped to N885bn in August — lowest in three months

    EXCLUSIVE: Nigeria’s revenue dropped to N885bn in August — lowest in three months

The federation’s revenue dropped by N371 billion to N885.5 billion in August 2022, the lowest in three months. In the last two months, the country’s revenue crossed N1 trillion — with N1.22

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EXCLUSIVE: NNPC declares zero FAAC remittance for eighth time as subsidy gulps N2.6trn

    EXCLUSIVE: NNPC declares zero FAAC remittance for eighth time as subsidy gulps N2.6trn

The Nigerian National Petroleum Company (NNPC) Limited says it deducted N525.71 billion as a shortfall for the importation of petrol (subsidy) in August 2022. Subsidy or under-recovery is the underpriced

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FAAC: FG, states and LGAs share N954bn as allocation for July — up by N151bn

  FAAC: FG, states and LGAs share N954bn as allocation for July — up by N151bn

The federation account allocation committee (FAAC) says it shared N954.085 billion among the three tiers of government in July 2022.

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FAAC: FG, states, LGAs share N802bn as allocation in June — up by N121bn

  FAAC: FG, states, LGAs share N802bn as allocation in June — up by N121bn

The federation account allocation committee (FAAC) says it shared N802.407 billion among the three tiers of government in June 2022. The

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FAAC: FG, states, LGAs share N680bn as allocation in May — up by N44bn

  FAAC: FG, states, LGAs share N680bn as allocation in May — up by N44bn

The federation account allocation committee (FAAC) says it shared N680.783 billion with the federal, states and local governments for May

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FAAC: FG, states, LGAs share N636bn as allocation in April — down by N89bn

  FAAC: FG, states, LGAs share N636bn as allocation in April — down by N89bn

The federation account allocation committee (FAAC) says it shared N636.602 billion with the federal government, states, and local governments for

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EXCLUSIVE: Petrol subsidy gulps N210bn as NNPC records ZERO remittance to FAAC

  EXCLUSIVE: Petrol subsidy gulps N210bn as NNPC records ZERO remittance to FAAC

The Nigerian National Petroleum Company (NNPC) Limited says it expended N210.38 billion on petrol subsidy in January 2022. Subsidy or

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Court rules: FG’s deduction from federation account to fund police illegal

  Court rules: FG’s deduction from federation account to fund police illegal

A federal high court in Abuja has declared that the direct deduction of funds from the federation account to fund

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