13% Derivative Fund: Oil-Producing States Received N85.10bn in February- NBS
March 20, 2024 The Federal government disbursed N85.10bn to nine oil-producing states as the 13 per cent derivative from oil and gas revenue in February 2024, according to the National…
Tinubu reforms yielding positive results, says MinisterÂ
Mohammed Idris Minister of Information When President Bola Ahmed Tinubu was sworn in on May 29, 2023, he made far-reaching statements regarding his economic vision for Nigeria. Two policy…
FG, STATES, LGs RECEIVE N1,088 TRILLION IN FEDERATION ALLOCATION FOR NOVEMBER, 2023
Dec. 15, 2023 The Federation Account Allocation Committee (FAAC) has shared the sum of N1,088.783 trillion naira to the three tiers of government as Federation Allocation for the month of…
NNPC says claim of indebtedness to FG baseless; clears air on NEITI’s report
The Nigerian National Petroleum Company Limited (NNPCL) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by…
We have outstanding N192 bn loan from past administration – Otti
Oct. 30, 2023 …Says we’re cutting down cost of governance, we’ll certainly borrow at the appropriate time Gov. Alex Otti of Abia has said that his administration initiated measures to…
FAAC:Â FG, states, LGs share N903.480 bn in September
Oct. 24, 2023 The Federation Account Allocation Committee (FAAC) has shared a total of N903.480 billion September 2023 Federation Account Revenue to the Federal Government, states and Local Government Councils…
FAAC: FG, states, LGCs share N1.1trn for August
The Federation Account Allocation Committee (FAAC), has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils (LGCs) for August. This is contained in a…
FG, states, LGCs share N966bn for July – FAAC
Aug. 22, 2023 The Federation Account Allocation Committee (FAAC), has shared N966.110 billion revenue to the Federal Government, States and Local Government Councils (LGCs) for July. This is contained in…
FAAC: 3 tiers of govt share N907.054bn in June as ECA now stands at $473,754.57Â
July 21, 2023 The Federation Account Allocation Committee (FAAC) has shared the sum of 907.054 billion Naira June 2023 Federation Account Revenue to the Federal Government, States and Local Government…
Nigeria’s ECA now stands at $473.754m
May 19, 2023 The Federal Government says the balance in the Excess Crude Account (ECA) now stands at 473.754 million dollars. According to a statement issued by Bawa Mokwa, the…