FAAC

FAAC Disburses N3.473trn To FG, State, LG In Q2- NEITI

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

NEITI Report Shows Slight Increase in FAAC Allocations The Federation Accounts Allocation Committee (FAAC) has disbursed N3.473 trillion to the federal, states, and local governments in the second quarter of 2024, reflecting

Emmanuel Ochayi

2 months ago

Business·Latest News·Politics

Federal, State, Local Govts Share N1,358trn Revenue For July- FAAC

FAAC Distributes Over N1.3 Trillion The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.358 trillion among the Federal Government, state governments, and Local Government Councils (LGCs) for July 2024.

Emmanuel Ochayi

3 months ago

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

Nigerian Govt Urged To Refund N228bn Election Loan By FAAC

In a revelation, the Postmortem Sub-Committee of the Federal Account Allocation Committee has recommended the refund of the N228bn loan secured for the 2023 general elections, citing concerns over deductions from the

Emmanuel Ochayi

10 months ago

Business·Finance & Economy·Latest News

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

In a financial revelation reshaping the economic landscape, Nigeria’s adoption of a unified exchange rate has led to a surge in foreign exchange gains, soaring to N1.36 trillion within six months. The

Emmanuel Ochayi

11 months ago

States, LGAs To Get N14.04trn Of Federal Allocation

The Federal Government has unveiled projections indicating a 109.74% surge in allocation to states and local government areas, poised to climb from N6.69tn in 2023 to N14.04tn in 2024 These revelations, embedded

Emmanuel Ochayi

12 months ago

Nigeria Revenue Soars By N101.98 Billion Due To Exchange Rate Unification

Business·Finance & Economy·Latest News

FAAC Disburses N1.80 Trillion In August 2023, N0.9 Trillion Drop From July

The Federation Account Allocation Committee (FAAC) disbursed N1.80 trillion to the three tiers of government in August 2023, marking a decrease of N0.9 trillion from the N1.89 trillion disbursed in July 2023.

Emmanuel Ochayi

1 year ago

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·Latest News

FG, States, LGAs Share N1.1 Trillion As Revenue Allocation For August Amidst Economic Fluctuations

In a dynamic economic landscape marked by fluctuations and uncertainties, Nigeria’s three tiers of government have successfully navigated the fiscal waters to share a total of N1.1 trillion in revenue allocation for

Emmanuel Ochayi

1 year ago

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Finance & Economy

FG, States, LGs Share N907.054bn June revenue – FAAC

The Federation Account Allocation Committee (FAAC), has disbursed N907.054 billion to federal government, states, and local government councils from Nigeria’s June revenue. This was made known in a communiqué issued on Thursday

Victor Ezeja

1 year ago

Business

Top Five Nigerian States With Highest Debt Repayment

Lagos State, Kaduna and 34 other states disbursed N21.62 billion to fund foreign debt between January to March 2022. The debt finance is 31.5% higher than the amount paid out in the

Fakoyejo Olalekan

2 years ago

Business

Three Revenue Sources That Helped Nigerian Gov’t Make ₦680.78 billion From Nigerians In One Months

The Federal, States and Local Governments received ₦680.783 billion from the Federation Account Allocation Committee (FAAC) in May 2022. This includes funds generated from Value-Added Tax (VAT) and Electronic Money Transfer Levy

Fakoyejo Olalekan

2 years ago

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FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

Federal, State, Local Govts Share N1,358trn Revenue For July- FAAC

Nigerian Govt Urged To Refund N228bn Election Loan By FAAC

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

States, LGAs To Get N14.04trn Of Federal Allocation

FAAC Disburses N1.80 Trillion In August 2023, N0.9 Trillion Drop From July

FG, States, LGAs Share N1.1 Trillion As Revenue Allocation For August Amidst Economic Fluctuations

FG, States, LGs Share N907.054bn June revenue – FAAC

Top Five Nigerian States With Highest Debt Repayment

Three Revenue Sources That Helped Nigerian Gov’t Make ₦680.78 billion From Nigerians In One Months

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