FAAC

FAAC: Why FG, govs must open accounts for 774 LGAs, says Ozekhome

FAAC: Why FG, govs must open accounts for 774 LGAs, says Ozekhome Senior Advocate of Nigeria, Mike Ozekhome, has advised governors,…

3 months ago

FAAC shares N1.78tn revenue for December to FG, states, LGs

FAAC shares N1.78tn revenue for December to FG, states, LGs The Federation Account Allocation Committee (FAAC) has shared a total…

11 months ago

FG, states, LGs get N1.1tn as August allocation

The Federation Account Allocation Committee (FAAC) has shared a sum of N1.1 trillion to the Federal Government, states and local…

1 year ago

NNPC breaks the jinx, pays N123bn interim dividend to FAAC

NNPC breaks the jinx, pays N123bn interim dividend to FAAC IN a move to consolidate its post Petroleum Industry Act…

1 year ago

FAAC shares N900bn of N1.9tn revenue, N1tn for foreign reserves

FAAC shares N900bn of N1.9tn revenue, N1tn for foreign reserves  The 36 state governors have endorsed the proposal of the…

1 year ago

FAAC shares to FG, states, LGs drop by N27.4bn

The Federation Account Allocation Committee (FAAC) has shared N722.677 billion among the three tiers of government for February 2023. This…

2 years ago

Subsidy: FAAC demands petrol consumption records from NNPC

The Federation Account Allocation Committee (FAAC) has asked the Nigerian National Petroleum Company (NNPC) to submit state-by-state consumption of Premium…

2 years ago

Subsidy: NNPC to deduct N114bn from June remittance to FAAC

The Nigerian National Petroleum Corporation says it will deduct N114.3bn from its June remittance to the Federation Account and Allocation…

3 years ago

FIRS, other revenue agencies remit N1.54tn to federation account

The Federal Government received a total of N1.54tn from its revenue generating agencies in the first quarter of 2021 with…

3 years ago

NNPC memo: Governors seek end to petrol subsidy

Governors will back withdrawal of petrol subsidy to end fleecing of the country, it was learnt yesterday. They also opened…

4 years ago