15 h. ago Federation Account allocation falls third straight month to N1.57tn

The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local government councils, with a total of N1.578tn shared as March 2025 revenue. This marks the third consecutive monthly drop in allocations this year, following N1.678tn shared in February and N1.703tn in January. This was disclosed Read More

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6 d. ago Business confidence rises third consecutive month on reforms

Business confidence in Nigeria has risen for the third straight month in 2025 as the federal government reforms continue to read more Business confidence rises third consecutive month on reforms

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8 d. ago LG autonomy: Govs block council chairmen from opening CBN accounts

The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening an account with the Central Bank of Nigeria for the direct payment of their allocations from the Federation Account. The latest development represents yet another Read More

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2 w. ago Removing FCT From Treasury Single Account Was Key To Accelerating Development – Tinubu

President Bola Ahmed Tinubu has disclosed that he removed the Federal Capital Territory (FCT) from the Treasury Single Account (TSA) to accelerate development and address infrastructure challenges. The President explained that the TSA system was restricting financial flexibility, delaying critical infrastructure projects, and needed to be reviewed for greater impact and progress. By exempting the […] The post Removing FCT From Treasury Single Account Was Key To Accelerating Development – Tinubu appeared first on Information Nigeria.

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3 w. ago Federal, State, Local Gov’ts Share N1.678trn Revenue For March

A total sum of N1.678 trillion, being February 2025 revenue to the federation account, has been shared to the three tiers of government as revenue to be disbursed for month of March. The revenue was shared at the March 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, according to a statement that was […]

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3 w. ago FAAC disburses N1.678 trillion for February amid revenue decline

The Federal Government, state governments, and local government councils have shared a total of N1.678 trillion as Federation Account revenue read more FAAC disburses N1.678 trillion for February amid revenue decline

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3 w. ago Bauchi govt. reacts to arrest of State Accountant General by EFCC

From Paul Orude Bauchi The Bauchi State Government says it received with surprise the news of the arrest of the Accountant General of the State by the Economic and Financial Crimes Commission (EFCC) .   Sirajo Jaja was in Abuja Wednesday March 19 while carrying out his statutory duty of attending the Federation Account Allocation […] The post Bauchi govt. reacts to arrest of State Accountant General by EFCC appeared first on The Sun Nigeria.

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