The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system.

FAAC Disburses N1.818 Trillion Allocation for June 2025 The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.818 trillion to the Federal, State, and Local Governments as revenue generated in June 2025, marking the highest monthly allocation so far this year. The record allocation...

FAAC: FG, States, LGs Share N1.659tn Revenue for May The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion among the three tiers of government for May 2025. This was disclosed in a communiqué issued on Wednesday after the June meeting chaired by...

The Federal Government, 36 states, and 774 local government councils have shared a total of N1.681tn as Federation Account revenue for April 2025, representing a 6.5 per cent increase compared to the N1.578tn shared for March.

FAAC: FG, States, LGs Share N1.578trn for March The Federation Account Allocation Committee (FAAC), on Monday, shared N1.578 trillion among the Federal Government, states and the Local Government Councils (LGCs) for the month of March. A communiqué issued by Bawa Mokwa, the Director, Press and Public...

Nigeria’s Federation Account Allocation Committee, FAAC, revenue dropped by N194.664 billion in February.