Tag: FAAC

IMF Lists Top 10 African Nations with Highest Debt Burdens

FAAC Disburses N1.298 Trillion to FG, States, and LGAs for September

October 18, 2024

The Federation Account Allocation Committee (FAAC) has distributed a total of N1.298 trillion to the Federal Government, state governments, and ...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG, States, and LGs Share N1.2 Trillion Revenue in August – FAAC

by Victoria Attah

September 18, 2024

In August 2024, the Federal Government, state governments, and local government councils in Nigeria received a total of N1.2 trillion ...

Naira depreciates to N755/$ in the parallel market.

Government Revenue Sees N2.74 Trillion Boost from Weak Naira in Six Months

by Stephen Akudike

August 19, 2024

The federal, state, and local governments in Nigeria collectively gained an additional N2.74 trillion in revenue from exchange rate fluctuations ...

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

Nigeria’s Revenue Agencies See 131% Surge in Collection Costs in Q1 2024

by Stephen Akudike

June 17, 2024

Nigeria's top revenue-generating agencies—the Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and Nigerian Upstream Petroleum Regulatory Commission (NUPRC)—experienced ...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Takes Governors to Supreme Court Over Local Government Allocations

by Victoria Attah

May 27, 2024

The Federal Government of Nigeria has filed a suit in the Supreme Court to prevent the governors of the 36 ...

FG Aims to Recoup N553 Billion in Unremitted Taxes from International Petroleum Shipping Companies

FAAC Allocates N1.08 Trillion to Federal, State, and Local Governments in November Revenue Distribution

by Stephen Akudike

December 18, 2023

The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N1.08 trillion as part of the November 2023 ...

Federation Account Allocation Committee Shares N907.05bn among Tiers of Government for June 2023

by Stephen Akudike

September 13, 2023

The Federation Account Allocation Committee (FAAC) has announced the sharing of N907.05bn among the three government tiers forThursday's latest FAAC ...