LG association accuses finance commissioners of obstructing FAAC funds
The Incorporated Trustees of the Association of Local Governments of Nigeria have leveled serious accusations against State Commissioners for Finance, alleging a…
FAAC
FG owed N3tn by revenue-generating agencies – FAAC
The federal government could face a potential loss of N2.97 trillion and $36.33 million if revenue-generating agencies in the country do not…
FG, states, LGAs share N1.123trn in March
Alex Omenye The Federation Account Allocation Committee has disclosed the distribution of N1.123 trillion to various levels of government in March 2024,…
FAAC funds to FG, states hit 7-year high in 2023
In 2023, the total amount disbursed by the Federation Account Allocation Committee to Nigeria’s 36 states reached its greatest level in at least…
FAAC shares N907bn revenue from October 2023
The Federation Account Allocation Committee distributed N906.955 billion to the federal, state, and local governments during a meeting on Wednesday, November 23,…
NNPCL explains N123bn interim dividend to FAAC
The Nigerian National Petroleum Company Limited has provided explanations for why an N123 billion interim dividend for the month of June was…
FG’s revenue rose N321bn after exchange rate unification – FAAC
A recent communiqué from the Federation Account Allocation Committee has revealed that the unification of the country’s currency rate has greatly raised earnings from…
FAAC to share N1.959 trn revenue for July on Wednesday
The Federation Account Allocation Committee is billed to meet in Abuja, today, July 19, to share the revenue generated in July among…
Overdue debt repayment weak in most states, DMO warns
The Director-General, Debt Management Office, Ms Patience Oniha, has said that many state governments still struggle to pay arrears, a development that…
Subsidy deductions hit states hard, govs owe salaries
State workers and pensioners on Sunday lamented they were carrying the burden of a cash crunch in the country with many state…