Tag:Federation Account

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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

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 -
news

Here’s a punchier Sun-style rewrite, keeping the professor’s claims clearly attributed: Writing Subsidy Return Will Crash 15 Northern States in 3 Months — OAU Prof By Kenneth...
Ola Adebayo -
Energy

NUPRC Registers 172 Host Community Trusts Under Petroleum Industry Act

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that 172 Host Communities Development Trusts (HCDTs) have been incorporated by oil and gas companies,...
Akeem Adebayo -

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Foreign

FG Warns Nigerians Over Addis Ababa Transit After 16 Deaths

The Federal Government has urged Nigerians, particularly those with pre-existing medical conditions, to exercise caution when travelling through Addis...
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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 commended the Comptroller-General of the Nigeria Immigration Service (NIS), KN...
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...

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Foreign

FG Warns Nigerians Over Addis Ababa Transit After 16 Deaths

The Federal Government has urged Nigerians, particularly those with...
Foreign

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

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

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