Professionals dismiss ₦210tn missing funds claim in NNPCL accounts
A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about N210tn is missing from the accounts of the…
FAAC
Govs endorse Tinubu’s direct oil revenue remittance to FAAC
The 36 state governors, under the aegis of the Nigeria Governors’ Forum, have thrown their weight behind President Bola Tinubu’s reforms requiring…
FG begins direct oil revenue remittance to FAAC
The Federal Government has begun implementing Executive Order 9 of 2026, requiring the direct remittance of oil revenues to the Federation Account…
FG, states, LGs shared ₦26tn FAAC revenue in 2025
The Federal Government, 36 states and 774 Local Government Areas shared N26 trillion from Federation Account Allocation Committee revenue in 2025. This…
FG proposes ₦3.6tn FAAC deduction for electricity subsidies 2026-2028
The Federal Government has proposed deducting a total of N3.6 trillion from the Federation Account to fund electricity subsidies over 2026, 2027,…
FG, states, LGs shared N6trn FAAC in Q3 2025
The Nigerian Extractive Industries Transparency Initiativ has disclosed that the Federal Government, states and local governments shared a total of N6 trillion…
States plan N4.3tn borrowing to fund 2026 budgets
Ten Nigerian states are planning to raise about N4.287tn from loans, bonds, grants, capital receipts and public-private partnerships to finance capital projects…
FAAC, loans dominate govs’ funding plans for 2026 budget
State governments are heading into 2026 with expansive spending plans, but weak internally generated revenue is compelling many of them to depend…
FAAC: FG, states, LGAs share N2.094tr in October
The Federal Accounts Allocation Committee has approved the disbursement of N2.094 trillion as revenue from October 2025 to the federal, state, and…
FAAC flags $42.37b unreconciled revenues from NNPC
The Federation Accounts Allocation Committee has flagged renewed concerns over massive unreconciled revenues, revealing that more than $42.37 billion allegedly owed by…
FAAC shares N2.225trn August revenue among FG, states, LGs
The Federation Account Allocation Committee has announced that the Federal Government, states, and Local Government Councils shared a total of N2.225 trillion…
FAAC demands recovery of N101.17bn misremitted by Customs
A financial audit by OOM Professional Services has uncovered discrepancies amounting to approximately N101.17 billion in revenue remittances by the Nigeria Customs…