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: Local Governments
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 ...
FG to States, Councils: No FRC Certificate, No Loans — Borrowing for Recurrent Spending Illegal
The Federal Government has issued a stern warning to state and local governments against borrowing from financial institutions without ...