The Federal Government, State and Local Government Councils reportedly received the sum of N966.110 billion to share among them for the month of July 2023. The...
Experts have raised concern following the discovery that the balance in the Excess Crude Account (ECA) has remained unchanged, with a balance of $474 million in...
President Bola Ahmed Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for the 36 States of the Federation as part of measures to cushion...
The Federation Account Allocation Committee (FAAC) has shared the sum of 907.054 billion naira June 2023 Federation Account Revenue to the Federal Government, States and Local...
The Federation Account Allocation Committee (FAAC) has scheduled to meet in Nigeria’s capital city, Abuja, today to share what may be the highest revenue in history...
The Federal Government through the Nigerian National Petroleum Company (NNPC) Limited has said it paid N1.82 trillion as subsidy payments in five months, and arrears on...
The three tiers of government yesterday shared N786.161 billion as the federation allocation for the month of May 2023. Naija News gathered that the development was...
President Bola Tinubu has set up a committee to resolve the tussle between the Nigeria National Petroleum Company (NNPC) Limited and the Federation Account Allocation Committee...
Data released recently by the National Bureau of Statistics (NBS) has highlighted how 36 states of the federation shared N9.3 trillion as federal allocation in three...
Following the revenue gotten from the month of December 2022, the Federation Account Allocation Committee (FAAC) approved the sharing of N990.189 billion to the three tiers...
Federation Account Allocation Committee (FAAC) has expressed concerns over the Central Bank of Nigeria’s (CBN) refusal to attend critical stakeholder meetings where issues on activities on...
The Federal Government has said the country’s Excess Crude Account (ECA) has declined by 89 per cent in the last eight years. In a statement on...
The sum of N700.235bn has been shared between the three tiers of government by the Federation Account Allocation Committee as federation allocation for the month of...
A report issued by the Federation Account Allocation Committee (FAAC) showed there was a rise in allocation shared by federal, state and local governments in the...
The international financial institution, World Bank has asked Nigerian states to prepare for massive revenue loss in oil and gas this year. Naija News understands that...
The importation of petrol by the Nigerian National Petroleum Company (NNPC) Limited in April gulped N271.13 billion. The national oil company made this known in its monthly...
There is bitter lamentation coming from states over the delay in the payment of salaries and capital expenditures, says the Federation Account and Allocation Committee. Due...
The sum of ₦725bn has been shared by the Federation Accounts Allocation Committee (FAAC) among the three tiers of government. The fund shared among the Federal,...
The Nigerian National Petroleum Company Limited (NNPCL) says the fuel subsidy between January and March 2022 has risen to N675.93bn. Naija News reports that the national...
The Nigerian National Petroleum Company Limited said it is expected to remit the sum of N322.45bn in April 2022 to the Federation Account. The said amount...
