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Business

More Cash, Less Value: Forex Depreciation Cuts Value Of FAAC Allocation To FG, States, LG By 33%

The three tiers of government are not benefiting from the rise in monthly Federation Accounts Allocation Committee (FAAC) revenue as the real value of...
Business

Governors Must Ensure Effective Use Of FAAC Allocation- Akume

The Secretary to the Government of the Federation George Akume has said that state governors should be held accountable for how they apply their...
Business

Over N7tn Accrues Into Federation Account In Six Months- RMAFC

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disclosed that the total sum of N7.31tn has accrued into the Federation Account for the...
Business

Revenue Drops By N354.863bn As FAAC Allocates N906.9bn To Three Tiers Of Govt

The Federation Account Allocation Committee (FAAC) has shared a total sum of N906.95bn October 2023 Federation Account Revenue to the Federal Government, States and...
Business

FG, States, LGs Get More Revenue As FAAC Shares N1.1trn From Federation Account

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.1trn from the federation account as allocation to the three tiers of...
Business

Contrary To FAAC Report, NNPC Limited Did Not Withhold $55m NLNG Dividend—Investigation

Contrary to claims in some quarters, the Nigerian National Petroleum Company Limited did not withhold the $55m Nigeria Liquified Natural Gas dividend that was...
Business

More Revenue For Developmental Projects As As FAAC Allocates N966.1bn To FG, States, LG

The Federation Account Allocation Committee (FAAC) has shared a total sum of N966.110bn July 2023 Federation Account Revenue to the Federal Government, States and...

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