Nigeria’s exchange rate revenue falls by 73% as FX arbitrage falters
Nigeria’s revenue from exchange rate gains dropped sharply by 73% in the first half of 2025, plunging to N589.45 billion ...
Tag: Federation Account Allocation Committee
FAAC shares N1.818 trillion to FG, States, LGs for June 2025 as revenue surges
The Federation Account Allocation Committee (FAAC) has distributed a total sum of N1.818 trillion to the Federal Government, State Governments, ...
FAAC: FG, States, LGCs share N1.659 trillion May revenue
The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion as Federation Account revenue for May 2025.
Borno spends only 2.45% of N816.34 million ecological fund on flooding in six months
Borno State has received about N816.34 million from the Ecological Fund between January and June 2024 but has spent very ...
FAAC: Federation Account gains an additional N101.98 billion from weak naira in one month
The Federation Account gained N364.87 billion from Exchange Difference revenue in November 2023 in a communique from the FAAC.
NNPC remittance to federal account drops to N10.54 billion in November 2021
The Nigerian National Petroleum Corporation (NNPC) remitted a sum of N10.54 billion to the Federation Account Allocation Committee (FAAC) in ...
Governors’ Forum at loggerheads with FG, oppose Paris Club deduction
The disagreement between the Federal Government and the Governors over the Paris Club refund deduction seems to be intensifying as ...
FAAC disburses N696.2 billion in July 2020, as Lagos State parts with N1.46 billion
The sum of N696.18 billion to the Federal, State, and Local governments in July 2020 from the FAAC account.
NNPC spends N535.9 billion on subsidy, FAAC in Q1 2020
Petrol subsidy gulped N101.65bn in the first three months of the year.
FAAC disburses N650.8 billion in December 2019, South-South states receive highest share
FAAC disbursed a sum of N650.83 billion to the three tiers of government in December 2019 from the revenue generated in November 2019.
