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Tag "Federal Accounts Allocation Committee (FAAC)"

EXCLUSIVE: CBN, FAAC at loggerheads over probe of federation revenue accounts

    EXCLUSIVE: CBN, FAAC at loggerheads over probe of federation revenue accounts

Federation Account Allocation Committee (FAAC) says the Central Bank of Nigeria (CBN) has disregarded its invitations to answer questions on revenues moved to the federation account between January 2006 and

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‘We can’t continue’ — Zainab Ahmed says Nigeria losing N250bn monthly to fuel subsidy

    ‘We can’t continue’ — Zainab Ahmed says Nigeria losing N250bn monthly to fuel subsidy

Zainab Ahmed, minister of finance, budget and national planning, says the government can no longer sustain petrol subsidy payments which currently stand at about N250 billion monthly. Briefing state house

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FG, states, LGs share N739bn as federation allocation for September

    FG, states, LGs share N739bn as federation allocation for September

A total sum of N739.965 billion has been shared by the three tiers of government as revenue from the federation accounts allocation committee (FAAC). This is the revenue from September

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NNPC to deduct N215bn from FAAC remittance in September

    NNPC to deduct N215bn from FAAC remittance in September

The Nigerian National Petroleum Corporation (NNPC) says it will deduct a total sum of N215.32 billion from its remittance to the Federation Account and Allocation Committee (FAAC) in September 2021.

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Subsidy payment: NNPC to deduct N170bn from remittance to FAAC in August

  Subsidy payment: NNPC to deduct N170bn from remittance to FAAC in August

The Nigerian National Petroleum Corporation (NNPC) says it will deduct N170.4 billion from July remittance to the federation account and

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Subsidy payment: NNPC plans N114bn deduction from remittance to FAAC in July

  Subsidy payment: NNPC plans N114bn deduction from remittance to FAAC in July

The Nigerian National Petroleum Corporation (NNPC) says it will deduct N114.3 billion from its June remittance to the Federation Account

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NNPC to deduct N126bn from remittance to FAAC in June

  NNPC to deduct N126bn from remittance to FAAC in June

The Nigerian National Petroleum Corporation (NNPC) says it will deduct about N126 billion from its remittance to the Federation Account

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FG, states, LGs share N601bn as federation allocation for November

  FG, states, LGs share N601bn as federation allocation for November

The Federal Accounts Allocation Committee (FAAC) shared N601.110 billion to federal government, states and local government councils (LGCs) as federation

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