FAAC Archives

FAAC funds to FG, states hit 7-year high in 2023

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, 2023, out of the N1.345 trillion that Nigeria generated from various sources in October 2023. The Times reported that this is according to a communiqué that was issued at the end of the […]

bfatoyepdnlimited-com
23rd November 2023
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248 Views

Business

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 paid to the Federation Account Allocation Committee. According to the News Agency of Nigeria, FAAC distributed N907 billion to the three levels of government on Thursday. NNPCL donated N81 billion as a monthly […]

bfatoyepdnlimited-com
22nd July 2023
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234 Views

Economy

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 exchange differences. The Punch reported that the communiqué stated that the N320.89 billion in Exchange Difference earnings earned in June 2023 would be distributed in July 2023. This was significantly more than the N0.64 […]

bfatoyepdnlimited-com
22nd July 2023
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219 Views

News

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 the three tiers of government. It was gathered that the three tiers of government (Federal, State, Local Government Area) would share the sum of N1.959 trillion in July. The revenue allocation […]

aadelekepdnlimited-com
19th July 2023
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259 Views

News

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 threatens the level of debt sustainability in states. She said this in a presentation document titled ‘Paths to sustainable debt management: the SFTAS approach’, which was obtained by our correspondent on Monday. It […]

agencyreport
3rd May 2022
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352 Views

Economy

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 governments failing to ensure regular payment of salaries, gratuities and other entitlements. Labour leaders, who spoke separately with our correspondents in Ekiti, Benue, Ogun, Ondo, Rivers, Abia, Ondo, Edo and Kano states, noted […]

agencyreport
2nd May 2022
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517 Views

Court extends order restraining NAICOM, Universal Insurance’s receiver

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Dangote Refinery IPO to open within 12 days

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Uber exit unrelated to airport e-hailing restrictions – FAAN

Court extends order restraining NAICOM, Universal Insurance’s receiver

SEC clears Dangote Refinery IPO ahead of landmark share

UN votes to adopt new map showing Africa’s true

Tag: FAAC

FAAC shares N907bn revenue from October 2023

NNPCL explains N123bn interim dividend to FAAC

FG’s revenue rose N321bn after exchange rate unification – FAAC

FAAC to share N1.959 trn revenue for July on Wednesday

Overdue debt repayment weak in most states, DMO warns

Subsidy deductions hit states hard, govs owe salaries

Uber exit unrelated to airport e-hailing restrictions –.

Court extends order restraining NAICOM, Universal Insurance’s receiver

SEC clears Dangote Refinery IPO ahead of landmark.

UN votes to adopt new map showing Africa’s.

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