By Sodiq Adelakun Nigeria has experienced a substantial increase in revenue from foreign exchange differences, totaling N1.36 trillion over a six-month period, according to recent data from the Federation Account Allocation Committee (FAAC) communiques. The remarkable rise in profits is…
By Matthew Denis For the month of November, Nigeria’s revenue increased by a whooping N181.82 billion, despite forex and inflationary pressures. The Federation Account Allocation Committee (FAAC), at its Meeting chaired by the Honourable Minister of Finance and Co-ordinating Minister…
The Federation Account Allocation Committee (FAAC) has shared N1.088.783 trillion November revenue to the Federal Government, States and Local Government Councils (LGCs). This is according to the communique issued by the FAAC at its meeting on Friday. The communique said…
By Matthew Denis, Abuja The Federation Account Allocation Committee (FAAC), at its retreat and meeting has shared a total sum of N906.955 billion to the three tiers of government as Federation Allocation for the month of October, 2023. The Committee meeting…
The Minister of Finance, Mr Wale Edun says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from average of N650 million monthly to over N1 trillion in the last four months. The minister stated…
In August 2023, the Federation Account Allocation Committee (FAAC) distributed a total of N1.80 trillion to the three tiers of government. This amount was derived from the revenue generated in July 2023. However, it represented a slight decrease compared to…
The Federation Account Allocation Committee (FAAC), at its meeting chaired by the Honourable Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun shared a total sum of N903.480 billion to the three tiers of government as Federation Allocation…
The Federation Account Allocation Committee (FAAC) has shared the sum of N966.110 billion July Federation Account Revenue to the Federal Government, States and Local Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation…
…FAAC records revenue growth By Sodiq Adelakun In the recent communique from the Federation Account Allocation Committee, the unification of the country’s exchange rate has significantly increased the revenue from exchange difference. According to the communique, Exchange Difference revenue was…
The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June. FAAC had on Thursday shared N907 billion among…
