CBN Warns of FAAC Disbursements’ Impact on Exchange Rate
The Central Bank of Nigeria (CBN) has raised the alarm over a direct link between the monthly disbursements from the Federation Account Allocation Committee (FAAC) and the volatility of the…
The Central Bank of Nigeria (CBN) has raised the alarm over a direct link between the monthly disbursements from the Federation Account Allocation Committee (FAAC) and the volatility of the…
The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.203 trillion in revenue generated in August 2024 among the Federal Government, States, and Local Government Councils (LGAs). This…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has released its quarterly report on Federation Account revenue allocations for the second quarter of 2024. The report reveals a slight increase in…
CEM REPORT, FINANCE| The Federation Accounts Allocation Committee (FAAC) announced the distribution of ₦1.143 trillion as total revenue for May 2024. This figure represents a 5.38% decrease compared to the…
CEM REPORT, FINANCE| Nigeria’s revenue-sharing formula is under fire after a report by Agora Policy, a non-governmental organization, revealed that government agencies are collecting exorbitant amounts as “cost of collection,”…
CEM REPORT, ECONOMY | In a significant development for Nigeria’s fiscal landscape, the Federation Accounts Allocation Committee (FAAC) has disclosed the distribution of ₦1.15 trillion in revenue to the three…
CEM REPORT, FINANCE | As of April 2023, the federal, state, and local governments have received ₦655.932 billion from the Federation Account Revenue. The sum disbursed by the Federation Account…