FAAC: N725.5bn March Revenue Shared By FG, States, LGAs The Federation Account Allocation Committee (FAAC) report reveals that N725.571 billion for March, 2022 revenue has been shared by federal, states and local governments. This revenue disbursement comprised distributable statutory revenue of N521.169bn and distributable Value Added...

NNPC To Deduct N672bn As Subsidy Hits N1.35tn In Four Months The Nigerian National Petroleum Company Limited latest report has revealed tht the subsidy on Premium Motor Spirit, called petrol, has risen to N675.93bn between January and March 2022. The NNPC group has informed the Federation...

NNPC Deductions From Federation Account Rise To N883.56bn In Q1, 2022   The financial pressure on the three tiers of the Nigerian government is escalating as deductions from the oil revenue, the major source of inflow to the Federation Account, rise sharply. Findings from the Federation Account...

Cross River Govt Decries N34m Federal Allocation For March   The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in March. Figures released show that out of the state’s gross allocation of N2.22bn, only N34.9m was received...

FAAC Shares N590.546bn Revenue To FG, States, LGCs For February, 2022   The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued...

Bond Investors To Get N605bn Repayment   Bond investors may receive N605 billion in repayment of the principal amount and last coupon on maturing Federal Government of Nigeria (FGN) Bonds, while disbursements are expected to be made to the three tiers of government from the Federation...