Tag:FAAC

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Oil Price Boom Fails to Save Nigeria as Revenue Misses Target by N20.7tn

  Federation Account records N26.14tn against N46.87tn budget projection Crude price surges above $115 per barrel amid US-Iran conflict Finance Minister admits revenue projections often unrealistic Nigeria has...
Grace Itodu -
Business

FAAC Shares N2.338trn to FG, States, LGs for August

  The Federal Government, states and local government councils have shared N2.338 trillion from the Federation Account as revenue distributable for August 2026. The allocation was...
Akeem Adebayo -
news

Anambra Still Servicing Obi, Obiano-Era Loans — Commissioner

  The Anambra State Government has disclosed that it is still servicing loans inherited from previous administrations, including those of former governors Peter Obi and...
Shehu Danladi -
news

Subsidy Gains: Governors, Not Tinubu, Should Account for Money — Abiodun

  Ogun Governor: We Collect the Money, We Should Explain How It’s Spent   Ogun State Governor, Dapo Abiodun, has said state governors, rather than President Bola...
Uche Kingsley -
news

Atiku: FAAC Boom Is Money Illusion, Nigerians Getting Poorer

  Former Vice President Atiku Abubakar has described the reported increase in monthly allocations to the three tiers of government from the Federation Account as...
Roland Edet -
Politics

ADC to Yari, APC: Account for N15.8trn Subsidy, FX Windfall

The African Democratic Congress (ADC) has challenged Senator Abdul’aziz Yari and the All Progressives Congress (APC) to explain how Nigerians have benefited from the...
Roland Edet -
news

FG says Nigeria economy hits ₦441.5 trillion, inflation eases to 15.69%

ABUJA, May 29 - Nigeria’s economy expanded to ₦441.5 trillion in 2025 from ₦309.5 trillion in 2023, while inflation fell to 15.69% in April...
Akeem Adebayo -

Latest news

Foreign

Ikpeazu Hails Immigration Service Over Mobile Passport Unit for Nigerians in Spain

Nigeria’s Ambassador to Spain, Dr Okezie Victor Ikpeazu, has commended the Comptroller-General of the Nigeria Immigration Service (NIS), KN...
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Energy

NUPRC Screens 28 Wells in Rivers Gas Seepage Probe, Flags Three High-Risk

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has screened 28 oil and gas wells around reported gas seepage sites...
Politics

Wike Knocks Obi Over National Anthem, Says He Wants to Divide Nigeria

  The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has taken a swipe at former Labour Party presidential...

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Foreign

Ikpeazu Hails Immigration Service Over Mobile Passport Unit for Nigerians in Spain

Nigeria’s Ambassador to Spain, Dr Okezie Victor Ikpeazu, has...
Energy

NUPRC Screens 28 Wells in Rivers Gas Seepage Probe, Flags Three High-Risk

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has screened...

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