FAAC

November 7, (THEWILL) – The Nigerian National Petroleum Company Limited (NNPCL), has said it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders, to reconcile alleged indebtedness by the company and Federation Accounts Allocation Committee...

October 25, (THEWILL) - The Federation Account Allocation Committee (FAAC), has shared a total sum of N903.480 billion, September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. A communiqué issued by the...

September 29, (THEWILL) – The Federation Account Allocation Committee (FAAC), has shared a total sum of N1.101 trillion August 2023 revenue, to the three tiers of government, being monthly allocation from the Joint Federation Account. A communiqué issued by FAAC...

August 23, (THEWILL) - The Federation Account Allocation Committee (FAAC) has shared N966.11bn among the three tiers of government for July 2023. The figure represents a marginal increase of N59.06bn compared to the N907.05bn shared for June 2023,...

June 22, (THEWILL) - The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. A communiqué issued at the...

The Federation Account Allocation Committee says it shared N655.93bn among the three tiers of government in April 2023. The figure represents a decrease of N58.7bn compared to the N714.63 billion shared in March 2023. FAAC disclosed this in a...

Nigeria’s deposit money banks and other financial institutions, together with the Federation Accounts Allocation Committee (FAAC), raked in N135.56 trillion from electronic payment transactions in the first quarter (Q1) of 2023 as the Central Bank of Nigeria (CBN) intensifies...

April 20, (THEWILL) – The Federation Account Allocation Committee (FAAC) has shared a total of N714.629 billion as March 2023 federation revenue to the Federal, State, and Local Government Councils. A communiqué issued at the end of the FAAC meeting...

March 24, (THEWILL) – The Federation Account Allocation Committee (FAAC) has shared a total sum of N722.677 billion February 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued...

February 21, (THEWILL) - The three tiers of government, comprising federal, states and local government councils, shared a total of N750.174 billion as revenue approved for the month of January. A statement issued by the Federation Account Allocation Committee...