17 h. ago At ₦6trn, FG, States, LGs Shared Highest FAAC Allocation In Q3 2025 — NEITI

More than doubling allocations over two years, the report contained in the agency’s Quarterly Review noted that the ₦6trn included 13 per cent payments to derivative states, explained that year-on-year quarterly FAAC allocations in 2025 grew by 55.6 per cent compared with Q3 of 2024.  The post At ₦6trn, FG, States, LGs Shared Highest FAAC Allocation In Q3 2025 — NEITI appeared first on Channels Television.

Politics

17 h. ago FAAC allocation marks 55.6% jump in Q3 2025 as FG disburses N6trn 

…Solid Minerals added nothing – NEITI Nigeria has posted its strongest federation account inflows in recent years in Q3 2025 read more FAAC allocation marks 55.6% jump in Q3 2025 as FG disburses N6trn 

Politics

19 h. ago FAAC allocations jump 55.6% in Q3 2025 as N6trn is disbursed

Nigeria posted its strongest Federation Account inflows in recent years in Q3 2025, with cash transfers to governments surging and read more FAAC allocations jump 55.6% in Q3 2025 as N6trn is disbursed

Politics

8 d. ago Nigeria’s electricity companies’ incomes jump by 22% despite blackouts

The total revenue collected by Electricity Distribution Companies (DisCos) increased to N570.25 billion in the third quarter (July-September) of 2025, read more Nigeria’s electricity companies’ incomes jump by 22% despite blackouts

Politics

8 d. ago Hold Your Governors Accountable, Employers’ Association Urges Nigerians

…Accuses governors of misusing allocations amid rising insecurity Amid worsening infrastructure and growing insecurity across the country, the Nigeria Employers’ Consultative Association (NECA) has accused state governors of misappropriating funds despite increased revenue from the Federation Account Allocation Committee (FAAC). Speaking during an interaction with members of the Labour Writers Association of Nigeria (LAWAN), NECA’s […]

Politics

1 week ago Nigerian Stocks Jump By 51% in 2025 Despite Inflation, Devaluation, Other Headwinds

Market Cap rises by N36trn, highest annual increase on record Nigeria’s stock market delivered a historic triumph in 2025, with equities surging 51.19 per cent despite fierce headwinds from Naira devaluation, soaring inflation, and global economic pressures—outpacing the previous year’s 37.65 per cent gain. Market capitalisation rocketed by a record N36.62 trillion to reach N99.4 […]

Politics

2 w. ago Fuel Subsidy: SERAP Sues Govs, Wike Over ‘Failure To Account For ₦14trn Savings’

SERAP said the suit followed reports that the 36 governors and the FCT minister have collected trillions of naira from FAAC allocations. The post Fuel Subsidy: SERAP Sues Govs, Wike Over ‘Failure To Account For ₦14trn Savings’ appeared first on Channels Television.

Politics

2 w. ago Councils’ Allocation: Obey Supreme Court Order, Atiku Tells Tinubu

Former Vice President Atiku Abubakar has accused President Bola Tinubu of not obeying a Supreme Court order directing the federal government to implement direct FAAC allocation to local governments. Atiku said the president should instruct the Attorney-General of the Federation to enforce the judgment immediately, adding that anything short of that is a failure of […]

Politics

3 w. ago Atiku Accuses Tinubu Of Defying Supreme Court Over Local Government Autonomy

Former Vice President Atiku Abubakar has accused President Bola Tinubu of deliberately disobeying a binding Supreme Court judgement directing the Federal Government to begin direct disbursement of local government allocations from the Federation Account Allocation Committee (FAAC). In a statement on Wednesday, Atiku said the Tinubu administration’s refusal to enforce the judgement almost two years […]

Politics

4 w. ago FAAC shares ₦1.92 trillion November revenue among federal, state and local governments

Nigeria’s Federation Account Allocation Committee (FAAC) shared ₦1.92 trillion in revenue for November among the federal government, states and local read more FAAC shares ₦1.92 trillion November revenue among federal, state and local governments

Politics