The federal government generated the sum of N8.09trn between January and November 2025, analysis of documents of the Federal Account Allocation Committee (FAAC) has shown.

The Nigerian National Petroleum Company Limited (NNPC) has cancelled subsidy arrears and other debts owed by the Federal Government totalling N4.01tn, following a reconciliation of accounts between both parties.

FAAC Probes Road Tax Scheme Over Poor Responses The Federation Account Allocation Committee (FAAC) is investigating the Road Infrastructure Tax Credit Scheme due to poor responses from participating companies. Only three out of seven companies have provided required details on their involvement and expenditure. "The Sub-Committee had...

The Federation Account Allocation Committee (FAAC) has shared the sum of N1.928 trillion with the three tiers of government.

The Federation Account Allocation Committee (FAAC) shared a record total of N18.54 trillion to the federal, state and local governments.

FAAC Shares N2.09tn October Revenue to States, LGs The Federal Government, states, and local governments shared a total of N2.094tn as October 2025 revenue, slightly lower than the N2.103tn distributed for September. The latest figure shows a marginal shortfall of N9bn, representing a 0.43 per cent...