Nigeria To Earn More Oil Revenue In 2020 Than Estimated - NEITI       Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more before the year ends, the Nigeria Extractive Industries Transparency Initiative (NEITI) has stated. The...

Despite COVID-19, FG, States, LGs Shared N2.054trn In Q3 - NEITI         The Federation Account Allocation Committee disbursed a total of N2.05tn to the three tiers of government and other statutory recipients in the third quarter of the year, figures released on Tuesday by the Nigeria...

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted         The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue that...

COVID-19: States’ IGR, Allocations Crash By N180.4bn         State governments may be currently grappling with varying degrees of financial concerns, following the N180.4bn crash in their internally generated revenues and the allocations they received from the Federation Accounts Allocation Committee. An analysis of various IGR and FAAC...

FAAC Shares N639.901bn  Revenue for Sept 2020 The Federation Accounts Allocation Committee (FAAC) has shared a total of N639.901 billion September 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the physical meeting of the Federation Account...

Fed Govt, Others Share N5.3trn In 8 Months       The Federal Government, 36 states and the 774 local governments of the federation as well revenue generating agencies of the Federal Government shared a total of N5.3 trillion as statutory allocation in eight months, from January to...