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NNPC earns N445bn in PSC management fees in 11 months, FAAC data shows

Business Day Online 19 Dec 2025
The Nigerian National Petroleum Company (NNPC) Limited received ₦445.4 billion in management fees from production-sharing contract (PSC) profit oil between. read more NNPC earns N445bn in PSC management fees in 11 months, FAAC data shows ....
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FAAC Disburses N1.923tn November Allocation as Federation Revenue Grosses N2.343tn

This Day 17 Dec 2025
Nigeria . 5 hours ago. Ndubuisi Francis in Abuja. The Federation Account Allocation Committee (FAAC), Monday, disbursed a total sum of N1.928 trillion to the three tiers of government for the month of November, from a gross total of N2.343 trillion ... .
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FAAC shares ₦1.92 trillion November revenue among federal, state and local governments

Business Day Online 16 Dec 2025
Nigeria’s Federation Account Allocation Committee (FAAC) shared ₦1.92 trillion in revenue for November among the federal government, states and local. read more FAAC shares ₦1.92 trillion November ...
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FAAC Disburses N1.923trn Nov Allocation As Federation Revenue Grosses N2.343tn

This Day 16 Dec 2025
Nigeria . 2 hours ago ... The Federation Account Allocation Committee (FAAC) Monday disbursed a total sum of N1.928 trillion to the three tiers of government for the month of November 2025, from a gross total of N2.343 trillion ... Doris Uzoka-Anite ... .
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FAAC Reconciliations Injected N2.36tn into Federation Account in 9 Months 

This Day 01 Dec 2025
According to the FAAC Sub-Committee, N370.43 billion was recovered and paid in September alone ... FAAC indicated, “The NNPCL had submitted the utilisation of frontier exploration fund from 2008-2024 covering both the Pre and Post PIA.
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FAAC Revenue Disbursements to FG, Subnationals Hit N18.5tn in 10 MonthsEmmanuel Addeh in Abuja 

This Day 24 Nov 2025
The Federation Account Allocation Committee (FAAC) shared a record total of N18.54 trillion to the federal, state and local governments between January and October 2025, marking the strongest revenue distribution in recent history.
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Why Nigeria’s wealthiest states lag in citizen welfare

Business Day Online 24 Nov 2025
Nigeria’s 36 states received record allocations from the Federation Account (FAAC) in 2024, yet most have failed to translate those. read more Why Nigeria’s wealthiest states lag in citizen welfare ....
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FAAC Disburses N2.94tn as Federation Grosses N2.934tn in October

This Day 20 Nov 2025
Nigeria . 6 seconds ago ... The Federation Account Allocation Committee (FAAC), has disbursed a total sum of N2.094 trillion to the federal, state and local governments as Federation Allocation for the month of October 2025 ... .
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Enugu’s Fiscal Revolution: Why BudgIT Ranked Mbah’s State Most Likely To Survive Without FAAC

This Day 13 Nov 2025
... allocations from the Federation Account Allocation Committee (FAAC) ... That figure is far above the national average, where most states cover only 30–40 percent of their costs without FAAC inflows.
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States burn revenue windfall on overheads, debt servicing

Business Day Online 03 Nov 2025
Nigeria’s long-awaited revenue rebound is failing to translate into tangible development as many state governments channel new fiscal gains into. read more States burn revenue windfall on overheads, debt servicing ....
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FAAC: NUPRC Remitted N6.2tn Revenue in 9 Months Despite Oil Output Fluctuations

This Day 20 Oct 2025
*FAAC ad-committee begins review of utilisation of 30% exploration fund since 1999 ... The total sum remitted to FAAC by the NUPRC so ... This assignment is still work in progress,” the FAAC document stated.
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FAAC allocation to FG, States, LGs drop to N2.1trn, as gross revenues dip by 16%

Business Day Online 18 Oct 2025
The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N2.103 trillion to the three tiers of government. read more FAAC allocation to FG, States, LGs drop to N2.1trn, as gross revenues dip by 16% ....
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FAAC Disburses N2.103tn September Allocation, N122bn Less Than August’s N2.225tn

This Day 18 Oct 2025
The Federation Account Allocation Committee (FAAC), yesterday, shared a total sum of N2.103 trillion to the three tiers of government as Federation Revenue for the month of September 2025 from a gross total of N3.054 trillion.
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FAAC Allocations as Constitutional Rights, Not Charity

This Day 11 Oct 2025
For instance, June this year recorded the highest monthly allocation so far this year as FAAC shared N1.818 trillion among the federal, state, and local governments.
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Unreconciled Federation Funds: FAAC Awaits NNPC on $42.37bn, OAGF on N2tn Pending Payments

This Day 22 Sep 2025
Details of the disclosures were contained in the September 2025 report of the FAAC Post-Mortem Sub-Committee (PMSC), which highlighted persistent gaps in Nigeria’s oil revenue remittances ... The FAAC ...

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