Tag: FAAC

The Governor of Rivers State, Sir Siminalayi Fubara, has presented a proposed 2026 budget of N1.854 trillion to the Rivers State House ...

Nigeria recorded a major increase in non-oil revenue in February 2026, with collections rising to N2.40 trillion, according to the latest ...

Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the three tiers of government as ...

The Federation Account Allocation Committee (FAAC) has shared a total of N2.3 trillion among the Federal Government, the 36 state governments, and ...

President Bola Tinubu has stated that the removal of fuel subsidy by his administration helped prevent Nigeria from falling into ...

Nigeria’s Federation Account Allocation Committee (FAAC) is set to receive 100% of revenues generated from Production Sharing Contracts (PSCs) following ...

Nigeria recorded a sharp rise in petrol importation in March 2026, even as government agencies continue to promote local refining ...

The Nigerian National Petroleum Company has reported a significant 60 percent increase in remittances to the Federation Account, reaching N2.88 ...

States across Nigeria are increasing borrowing despite a sharp rise in revenues from the Federation Account Allocation Committee (FAAC), raising ...

Nigeria's oil revenue inflows rose sharply in February following the implementation of Executive Order 9 signed by President Bola Tinubu, ...