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FAAC Distributes N2.3 Trillion to Federal, State and Local Governments for May 2026
Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the three tiers of government as revenue allocation for May 2026, reflecting improved earnings from key tax sources and petroleum-related revenues. The allocation was approved during the committee’s monthly meeting and distributed...
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Oil Exports Push Nigeria’s Current Account Surplus to $4.98 Billion
Nigeria recorded a current account surplus of $4.98 billion, underscoring the pivotal role of crude oil exports in supporting the...
Wheat Production Ambitions Stall as AfDB Funds Remain Unreleased
Nigeria’s ambition to significantly boost domestic wheat production and reduce its dependence on costly imports has encountered a major setback,...
FAAC Distributes N2.3 Trillion to Federal, State and Local Governments as Revenue Rises
The Federation Account Allocation Committee (FAAC) has shared a total of N2.3 trillion among the Federal Government, the 36 state governments, and...
FG Dismisses Reports of New Telecom and Fuel Taxes
The Federal Government has denied reports claiming it plans to introduce new taxes on telecommunications services and petroleum products, describing...
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FAAC Distributes N2.3 Trillion to Federal, State and Local Governments as Revenue Rises
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Technology
Telcos Face Pressure to Resolve Fibre Broadband Bottlenecks
Nigeria’s telecommunications operators are facing increasing pressure from businesses, consumers, and policymakers to address...
