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Allegations Of N32bn Revenue Leakage, Non-Compliance With TSA Protocol Baseless- NUPRC

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has described the allegation of N32.15bn revenue leakage as unfounded and baseless, adding that there were no...

News

NEITI reports N3.473trn shared among federal, state, local govts in Q2 2024

The Nigeria Extractive Industries Transparency Initiative (NEITI) announced on Monday that the Federation Accounts Allocation Committee (FAAC) distributed N3.473 trillion to the three tiers...

Politics

Ozekhome echoes ALGON, calls for direct payments of FAAC allocations to LGAs

Legal practitioner, Mike Ozekhome (SAN), on Friday, advocated for the creation of separate bank accounts for Nigeria’s 774 local government areas to facilitate the...

Business

FAAC Allocates N1.35tn To FG, States, LGs

A total of N1.35tn was on Tuesday shared to the Federal Government, States and Local Government Councils in the country.The revenue was shared at...

News

FG, States, LGs share N1.143trn May revenue, As FAAC meets in Abuja

The Federation Accounts Allocation Committee (FAAC) has shared a total of N1.143 trillion to the federal government, states, and local government councils as revenue...

Politics

SERAP threatens to sue 36 governors, Wike over FAAC allocations since 1999

Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike...

News

Wike, Governors Get 7 Days Ultimatum To Account For Trillions Of FAAC Allocations

The Socio-Economic Rights and Accountability Project (SERAP) has given the Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, and Nigeria’s 36 state...

News

Again, staggering N920bn unexplained as NBS, FAAC release conflicting February disbursement figures

Again, two critical government components, the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) have released conflicting reports on the...

Business

Subsidy: Account For Increased Federal Allocations, Nwodo Tasks Governors, LG Chairmen

Nigerians should be on the toes of state governors and local government chairmen to make open how they expend huge sums of allocations coming...

Business

Investigate Why Dollars Keep Rising After Every FAAC Meeting, Arewa Economic Forum Tells Tinubu

The Arewa Economic Forum (AEF) has asked President Bola Tinubu to take necessary steps to arrest the free-fall of the Naira at the foreign...

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