FG Begins Implementation of Executive Order 9 on Direct Oil Revenue Remittance to FAAC
The Federal Government of Nigeria has commenced the implementation of Executive Order 9 of 2026, mandating the direct remittance of ...
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Tag: #FAAC
FAAC Recovers N2.36tn, $7.87m in Unremitted Revenue Arrears in 2025
The Federation Account Allocation Committee (FAAC) Post-Mortem Sub-Committee has recovered N2.36tn and $7.87m in outstanding revenue arrears from revenue-generating agencies ...
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Nigeria’s Solid Minerals Sector Generates N68bn Revenue in 2025
Nigeria’s struggling solid minerals sector recorded a historic fiscal milestone in 2025, generating a total revenue of N68 billion within ...
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FG Proposes N3.6tn FAAC Deduction to Fund Electricity Subsidies Over Three Years
The Federal Government has proposed a total deduction of N3.6 trillion from the Federation Account to fund electricity subsidies between ...
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Nigeria Records Historic N6 Trillion FAAC Disbursement in Q3 2025 — NEITI
Nigeria recorded a historic N6.0 trillion in Federation Account Allocation Committee (FAAC) disbursements in the third quarter (Q3) of 2025, ...
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Tinubu Approves Write-Off of $1.42bn, N5.57tn NNPC Debt After FAAC Reconciliation
President Bola Ahmed Tinubu has approved the write-off of a substantial portion of debts owed by the Nigerian National Petroleum ...
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FAAC Disburses N2.094trn Allocation for October 2025
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.094 trillion to the federal, state and local governments ...
Read moreFG Extends Probe into NNPC, Revenue Agencies’ Remittances to December 2025
The Federal Government, through the Federation Account Allocation Committee (FAAC), has extended the ongoing probe and reconciliation of payments made ...
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FAAC Flags $42.37bn Unremitted Oil Revenues, Demands Clarity from NNPC and OAGF
The Federation Accounts Allocation Committee (FAAC) has raised fresh concerns over huge unresolved oil revenues, disclosing that more than $42.37 ...
Read moreFAAC Shares N2.225tn August Revenue to FG, States, and LGs
The Federation Account Allocation Committee (FAAC) on Wednesday announced that the Federal Government, states, and Local Government Councils shared a ...
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