FAAC Archives | Nairametrics

Mele Kyari, NNPC, NNPC spends estimated N33.60/litre on petrol subsidy, NNPC vows to be transparent, set to publish details of petroleum product supplies , OML 119: NNPC record 14 bids for development of oil well, This NNPC initiative aims to solve the problem of tanker explosions , Fluctuations of oil price threatening Nigerian content development — NNPC , Lagos pipeline leak contains water, not petrol- NNPC

Energy1 day ago

NNPC spends N535.9 billion on subsidy, FAAC in Q1 2020

Petrol subsidy gulped N101.65bn in the first three months of the year.

Capital market to get more tax incentives - FG , FEC reviews Ajaokuta-Kaduna-Kano gas project contract, approves $2.571 billion, FG to reduce N1.5 trillion from 2020 budget due to coronavirus

Commodities5 days ago

Nigeria’s excess crude account falls to $72 million

Nigeria’s excess crude account has now fallen by a whopping 98% in just 5 years.

external reserves, After loosing $520 million in two weeks, Nigeria's external reserves rise again, Foreign reserves, Nigeria’s external reserve drop by $261 million in 15 days, oil firms to sell forex to CBN

Macro-Economic News3 weeks ago

Nigeria’s external reserve drop by $261 million in 15 days, oil firms to sell forex to CBN

Nigeria’s external reserve position is now $9 billion years to date and down from its peak of $45.17 billion achieved.

FAAC, IGR, Fiscal federalism in Nigeria, NEC Inauguration, Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, Fiscal federalism

FEATURED1 month ago

FAAC disburses N780.93 billion in April, allocation increases by 34%

The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020 from the revenue generated in March...

FAAC disagrees over revenue allocation for FG, States, LGs

Business News4 months ago

FAAC disagrees over revenue allocation for FG, States, LGs

Members of FAAC have disagreed over the amount presented by revenue-generating agencies for allocation to FG, State and Local governments.

FAAC disburses N190 billion to 36 States in August as allocation drops [Full list], FG, States, LGs’ to share N635.82 for November, FAAC disburses N1.945 trillion in Q1 2020, highest 1st quarter allocation since 2014

Business News7 months ago

FG, States, LGs’ to share N635.82 for November

FAAC has allocated the sum of N635.82 billion to the Federal, States and Local Governments across the nation as revenue for the month of November. #FAAC

Office of Nigeria's Account General is reportedly engulfed in flames, Auditor-General, Accountant-General, grants, FAAC disburses N327.68 billion to States and LGAs in September, as allocation drops again,

Business News9 months ago

FAAC disburses N327.68 billion to States and LGAs in September, as allocation drops again

The FAAC disbursed the sum of N327.68 billion to the 36 states and the 744 local governments in September 2019.

Nigerian British firm, Bail-Out Fund: FG deducts N122 billion from states’ account in 7-months [Full-List] , JUST IN: Buhari submits 2020 MTEF to Senate , FG to intervene in tech operation as lockdown causes chaos in tech market

Business News11 months ago

FG, States, LGs shared N769.5 billion allocation in July

The Federation Account Allocation Committee (FAAC) disbursed the sum of N769.5 billion from the Federation Account to the three tiers of government in July 2019.

President Buhari signing 2019 Budget, List of President Buhari's Cabinet members, Ministries Departments and Agencies of Nigeria, Governors federal allocation

Business News11 months ago

Governors may push for 42% of federal allocation in new sharing formula

It has been revealed that state governors in Nigeria may request 40% of the total federal allocation, as the federal government is reportedly set to inaugurate...

allocation, FAAC, disbursement, states, governments, Buhari inaugurates new NEC, Monthly allocation, FAAC disbursed the sum, FG to review revenue sharing formula, Nigerian Oil Producing States

Business News12 months ago

FG, states, LGs share N762.6bn allocation in June

The Federation Account Allocation Committee disbursed the sum of N762.597 billion from the Federation Account to the three tiers of government in June 2019.