Latest News for: faac
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Stronger Inflows from Oil, Gas Royalties, CIT, Import Duties, VAT Raise FAAC Allocations for April to N2.257trn
This Day 16 Jun 2026
... N2.04 trillion disbursed by the Federation Account Allocation Committee (FAAC) in the preceding month. This was revealed at the delayed monthly FAAC meeting for May which was held in Abuja yesterday.
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Nigeria’s liquidity pool expands to N5.22tn as markets eye fresh inflows
Business Day Online 04 Jun 2026
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Agora Report: States Received N2.52tn FAAC Allocations, Collected N1.02tn IGR in Q1
This Day 25 May 2026
No fewer than 32 states of the federation generated N3.54 trillion in actual revenue in the first quarter (Q1) of 2026, with N2.52 trillion coming from the Federation Account Allocation Committee (FAAC).
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Tax reforms expose growing divide between productive, FAAC-dependent states
Business Day Online 22 May 2026
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SERAP Urges INEC to Probe Alleged N800bn FAAC Diversion for Campaign Funding
This Day 18 May 2026
Citing media reports, SERAP alleged that APC governors were making monthly contributions from their FAAC allocations into a dedicated campaign fund to support President Bola Tinubu’s re-election bid.
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ADC demands probe over alleged N800bn FAAC diversion
Business Day Online 12 May 2026
The African Democratic Congress (ADC) has condemned reports alleging that governors of the All Progressives Congress (APC) diverted funds from. read more ADC demands probe over alleged N800bn FAAC diversion ....
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FAAC Revenue Grows over 18.7% in Q1, Rises by N928bn Y-o-Y
This Day 28 Apr 2026
The Federation Account Allocation Committee (FAAC) saw a significant expansion in the distributable revenue shared among the three tiers of government in the first quarter of 2026, growing by 18.7 per cent on a year-on-year basis.
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FAAC Disburses N2.036trn from N2.364trn Gross Federation Revenue for March
This Day 23 Apr 2026
The Federation Account Allocation Committee (FAAC), Wednesday shared a total sum of N2.036 trillion to the three tiers of government from a gross revenue of N2.364 trillion for the month of March 2026.
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FAAC Disburses N2.036tn from N2.364tn Gross Federation Revenue for March
This Day 22 Apr 2026
The Federation Account Allocation Committee (FAAC) Wednesday shared a total sum of N2.036 trillion to the three tiers of government from a gross revenue of N2.364 trillion for March 2026.
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Nigerian states return to borrowing despite FAAC windfall
Business Day Online 03 Apr 2026
read more Nigerian states return to borrowing despite FAAC windfall ....
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FAAC Disburses N1.894tn February Allocation to FG, States, LGs
This Day 13 Mar 2026
Nigeria . 6 seconds ago ... The Federation Account Allocation Committee (FAAC) Friday shared a total sum of N1.894 trillion to the three tiers of government for the month of February 2026, from a gross revenue of N2.230 trillion ... Wale Edun ... .
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