CBN worried about negative effects of FAAC releases
The Central Bank of Nigeria (CBN) has expressed concern that monthly allocations from the Federation Account Allocation Committee (FAAC) are ...
Tag: FAAC
News and analysis about FAAC
FAAC shares N2.22 trillion among Federal, State, and LGAs for August 2025
The Federation Account Allocation Committee (FAAC) has announced the disbursement of N2.22 trillion to the three tiers of government as ...
Liquidity surge from FAAC raises inflation concerns – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising ...
FAAC shares N1.681 trillion April 2025 revenue to FG, States, LGs
The Federation Account Allocation Committee (FAAC) disbursed a total of N1.681 trillion as Federation Account revenue for April 2025 to ...
FAAC: FG, States, LGAs share N1.578tn March 2025 revenue as allocation falls for third straight month
The Federation Account Allocation Committee (FAAC) has announced a total of N1.578 trillion shared among the three tiers of government ...
FAAC: FG, States, LGs share lower February revenue of N1.678 trillion
The figure represents a slight decline from the N1.703 trillion shared in January, reflecting a drop in key revenue streams ...
Ibok Ete Ibas confirms FAAC release for Rivers, promises prompt salary payments, others
The Administrator of Rivers State, Vice Admiral Ibok Ete Ibas (Rtd) has confirmed the "release of Rivers State withheld allocations", ...
FAAC disburses N15.26 trillion to FG, states, and LGAs in 2024 – NEITI report
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the Federation Accounts Allocation Committee (FAAC) disbursed an unprecedented N15.26 ...
FAAC: FG, States, LGCs share N1.703 trillion January 2025 revenue
The Federal Government, States, and Local Government Councils have shared a total of N1.703 trillion from the Federation Account revenue ...
FG, States, LGCs share N1.424 trillion December 2024 revenue
The Federal Government, States, and Local Government Councils have shared a total sum of N1.424 trillion as revenue for December ...
