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The World Bank has accused the Nigerian National Petroleum Company Limited (NNPCL) of inconsistency and non-transparency in its operative details submitted to the Federal Account Allocation...
The Federal Government has issued a warning of imprisonment to chairmen of Local Government Areas who may get involved in the mismanagement of funds allocated by...
The three tiers of government in Nigeria—federal, state, and local governments—received a total of ₦1.2 trillion from the Federation Account Allocation Committee (FAAC) for April 2024....
The Federation Account Allocation Committee (FAAC) distributed a substantial sum of ₦1.123 trillion from the March 2024 Federation Account revenue to the federal, state, and local...
The amount gotten by the three tiers of government from the Federation Account Allocation Committee (FAAC), went up by N10 billion for the month of February...
The House of Representatives has directed its relevant committee to look into how the states use and spend the additional funds they received from the Federal...
The National Bureau of Statistics (NBS) has disclosed that revenue-generating agencies in the country, namely the Nigeria Customs Service, Federal Inland Revenue Service, and Nigerian Upstream...
The Federal Government, States, and Local Government Councils have received a total sum of N1.088 trillion released from the Federation Account Allocation Committee (FAAC). Naija News...
The removal of subsidies increased revenue inflow into the Federation Account from an average of N650 billion per month to over N1 trillion over the last...
The three tiers of government in the country, federal, state and local governments, have shared N1.1 trillion as revenue for the August 2023 allocation. Naija News...
The latest report of the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the defunct Nigeria National Petroleum Corporation (NNPC) refused to remit N2.8 trillion...
The Federal Government, State and Local Government Councils reportedly received the sum of N966.110 billion to share among them for the month of July 2023. The...
Experts have raised concern following the discovery that the balance in the Excess Crude Account (ECA) has remained unchanged, with a balance of $474 million in...
President Bola Ahmed Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for the 36 States of the Federation as part of measures to cushion...
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...
The Federation Account Allocation Committee (FAAC) has scheduled to meet in Nigeria’s capital city, Abuja, today to share what may be the highest revenue in history...
The Federal Government through the Nigerian National Petroleum Company (NNPC) Limited has said it paid N1.82 trillion as subsidy payments in five months, and arrears on...
The three tiers of government yesterday shared N786.161 billion as the federation allocation for the month of May 2023. Naija News gathered that the development was...
President Bola Tinubu has set up a committee to resolve the tussle between the Nigeria National Petroleum Company (NNPC) Limited and the Federation Account Allocation Committee...
Data released recently by the National Bureau of Statistics (NBS) has highlighted how 36 states of the federation shared N9.3 trillion as federal allocation in three...