FAAC Shares N1.818 Trillion To FG, States, LGs For June 2025 As Revenue Surges 

The Federation Account Allocation Committee (FAAC) has distributed a total sum of N1.818 trillion to the Federal Government, State Governments, and Local Government Councils as Federation Account revenue for the month of June 2025. This represents a 9.6% increase—equivalent to N159 billion—when compared to the N1.659 trillion shared in May 2025. This was disclosed in…

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FG, States, LGs Shared ₦1.5 Trillion In March – FAAC

The Federation Account Allocation Committee (FAAC) has shared ₦1.578 trillion among the Federal Government, states and local governments for the month of March. This is according to a communiquĂ© issued by FAAC and made available by the Director, Press and Public Relations, Office of the Accountant-General of the Federation, Bawa Mokwa, on Saturday. According to…

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FAAC Meeting Postponed As States, NNPC Dispute Over N1.7 Trillion Remittances

The Federation Accounts Allocation Committee (FAAC) meeting scheduled for Wednesday was postponed due to a dispute between states and the Nigerian National Petroleum Company (NNPC) Ltd over unpaid remittances. States boycotted the meeting until NNPC settles an estimated N1.7 trillion in revenues, which have been pending since the full removal of the petrol subsidy in…

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BREAKING: Gov. Fubara Takes Fresh Action After FG Stops FAAC Allocation To Rivers

Governor Siminalayi Fubara of Rivers State has challenged a court ruling that banned the Central Bank of Nigeria (CBN) from disbursing monthly allocations to his state. GISTSMATE MEDIA reported earlier that the Nigerian government recently confirmed that it has stopped the October monthly Federation Account Allocation Committee (FAAC) revenue payment to the state. According to…

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BREAKING: FG Obeys Court’s Order, Stops FAAC Allocation To Rivers State

The Nigerian government has confirmed that it has stopped the October monthly Federation Account Allocation Committee (FAAC) revenue payment to Rivers State. The development comes amid the ongoing face-off between Governor Simi Fubara and the Minister of Federal Capital Territory, Nyesome Wike. According to the Spokesperson of the Office of the Accountant General of the…

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