Lagos Tops FAAC Allocation as Federation Revenue Hits N18.72tn in H1 2026
Nigeria's gross Federation Account Allocation Committee (FAAC) revenue rose to N18.72 trillion in the first half of 2026, while N12.59 trillion was shared ...
Tag: FAAC
VAT Hits N1.08tn in January as New Sharing Formula Cuts FG’s Share, Boosts States
Nigeria’s Value Added Tax (VAT) revenue surged to N1.08tn in January 2026, marking the first full month under a revised ...
Tinubu Orders Oil Revenue Reset, Signals Sweeping Review of Petroleum Industry Act
President Bola Tinubu has initiated what presidency sources describe as a far-reaching overhaul of Nigeria’s petroleum governance structure, following his ...
Experts Hail Tinubu’s Oil Revenue Executive Order, PENGASSAN Warns of Sector Fallout
Finance and economic experts have applauded President Bola Ahmed Tinubu for signing an Executive Order mandating the direct remittance of ...
August Revenue: FG, States, LGs Share N1.1tn
The Federation Account Allocation Committee, FAAC, says it shared N1.1tn among the three tiers of government for August 2023. FAAC ...
Delta, Akwa Ibom received highest as FG, States, LGs shared N8 trillion in 2018
A new report by the Economic Confidential has disclosed that the federal government, 36 states and the 774 local government ...