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Tag: FAAC

Subsidy: FAAC meets today as NNPC deductions threaten states’ allocations

Okechukwu Nnodim and John Charles Published 22 March 2022 The planned deduction…

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We’ll deduct N242.53bn fuel subsidy from FAAC this month – NNPC

The Nigerian National Petroleum Company Limited is to deduct N242.53bn as subsidy…

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States may face salary crisis as FAAC drops to four-year low, sheds N125bn

AMARACHI ORJIUDE, SAMI OLATUNJI and SOLOMON ODENIYI Published 27 February 2022 Some…

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Fuel subsidy: FG, states set for showdown over planned N950bn FAAC deductions

Leke Baiyewu, John Charles, Abiodun Nejo, Ralph Ede, Chima Azubuike and Patrick…

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NNPC to deduct N127bn from FAAC, plans $5bn AfrieximBank loan

Published 28 January 2022 The Group Managing Director of the Nigerian National…

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Subsidy: NNPC may deduct over N1tn from FAAC in six months

Okechukwu Nnodim, Amarachi Orjiude, Sami Olatunji and Stephen Angbulu Published 26 January…

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FAAC: FG, States, others share N3.88trn in 6 months [Breakdown]

The Federation Accounts Allocation Committee (FAAC) shared N3.879trillion to the federal government,…

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FAAC: FG, States, LGs share N547.3bn for May [Breakdown]

The Federation Accounts Allocation Committee (FAAC) meet virtually on Wednesday. Chaired by…

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FAAC: FG, States, LGs share N581bn for February [Breakdown]

The Federation Accounts Allocation Committee (FAAC) has shared N581.566 billion to the…

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IPAC writes AGF, FAAC to suspend Anambra LG Allocations over non-conduct of election

The Inter-Party Advisory Council, IPAC, has written to the Attorney General of…

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