Tag
FAAC
News and analysis about FAAC
Nigeria’s 36 states received a combined N2.39 trillion from the Federation Account in the second quarter of 2026, representing a N259.41 billion, or 12.2%, increase from the N2.13 trillion received in the first quarter.
The Nigeria Revenue Service (NRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received a combined N123.54 billion as cost of revenue collection from the Federation Account Allocation Committee (FAAC) revenue distributed in June 2026.
The Central Bank of Nigeria (CBN) has expressed concern that monthly allocations from the Federation Account Allocation Committee (FAAC) are fuelling excess liquidity in the banking system, posing risks to price stability.
The Federation Account Allocation Committee (FAAC) has announced the disbursement of N2.22 trillion to the three tiers of government as revenue allocation for August 2025.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications...
The Federation Account Allocation Committee (FAAC) disbursed a total of N1.681 trillion as Federation Account revenue for April 2025 to the Federal Government, 36 state governments, and 774 local government councils.
The Federation Account Allocation Committee (FAAC) has announced a total of N1.578 trillion shared among the three tiers of government as revenue generated in March 2025.
The figure represents a slight decline from the N1.703 trillion shared in January, reflecting a drop in key revenue streams including VAT, Petroleum Profit Tax (PPT), and Companies Income Tax (CIT).
The Administrator of Rivers State, Vice Admiral Ibok Ete Ibas (Rtd) has confirmed the "release of Rivers State withheld allocations", assuring residents of prompt payment of salaries, among other developmental projects.
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the Federation Accounts Allocation Committee (FAAC) disbursed an...
The Federal Government, States, and Local Government Councils have shared a total of N1.703 trillion from the Federation...
The Federal Government, States, and Local Government Councils have shared a total sum of N1.424 trillion as revenue for December 2024.