Nigeria’s Value Added Tax (VAT) revenue rose in January 2026 as the implementation of a revised sharing structure increased the portion allocated to state governments while...
Foreign loan repayments by Nigeria’s 36 states increased sharply in 2025 with total deductions from Federation Accounts Allocation Committee (FAAC) inflows rising to N455.38 billion, according...
Federation Account Allocation Committee (FAAC) disbursed a total of ₦2.34 trillion in December 2025, sharing revenue generated in November 2025 among the Federal Government, state governments,...
Nigeria’s state oil company, NNPC Ltd, is now operating as a commercially driven entity without reliance on federal budgetary allocations, as oil and gas production levels...
The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦3.83 trillion to the federal, state, and local governments for August 2025. According to data...
The Federation Account Allocation Committee (FAAC) distributed N1.65 trillion among Nigeria’s three tiers of government in May 2025, marking a N30 billion decline from the N1.68...
The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.68 trillion to the three tiers of government for March 2025. According to a communiqué...
Federal Account Allocation Committee has criticised the Nigerian National Petroleu͏m Company (NNPC) for an additional N1.19 trillion subsidy refund for July 2024. The critique came shortly...
The Federal Accounts Allocation Committee (FAAC) has shared N1.298 trillion among the Federal Government, states, and Local Government Councils (LGCs) from the revenue of September 2024....
The Federation Account Allocation Committee (FAAC) announced that the disbursement to the federal, state, and local governments surged by N200 billion from N1.143 trillion in June...