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FAAC: Federal, states, local govts share N655.18 billion in January

The Federation Account Allocation Committee (FAAC), yesterday, announced the disbursement of the total sum of N635.55 billion to the three tiers of the federation for the month of February as revenue received in January 2018.

Federal govt loses $2.27 billion to OPA – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI} says Nigeria lost N60.99 billion 2.27 billion dollars and to the Offshore Processing Arrangement (OPA) and crude for product swap arrangement, valuation issues, crude oil and petroleum products losses.

Federal allocation drops 28.3% in August – NBS

National Bureau of Statistics, NBS, yesterday, reported that the Federation Account Allocation Committee, FAAC, shared N467.85 billion among the three tiers of government in August 2017.

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