FG ends Customs’ 7% FAAC deduction policy
The Nigerian Federal Government has discontinued the 7% cost-of-collection deduction from Federation Account revenues previously allocated to the Customs Service.
FAAC shares N1.894tn February revenue to FG, others
The Federation Account Allocation Committee has allocated N1.894 trillion in revenue for February 2026 among Nigeria's federal and local government entities.
Nigeria: FAAC Reconciliation - NNPC, Consultants Fail to Agree On $42.3bn Under-Remittance to Federation
The Nigerian National Petroleum Company Ltd and government consultants disagree on a $42.3 billion under-remittance owed to the Federation Account, complicating ongoing reconciliation efforts.
Nigeria: States Reject Removal of Power Subsidy, Others From Federation Account
Nigerian state governments have voiced their objections to proposed deductions from the Federation Account to cover power subsidies and other obligations.
Reps move to recover $7bn from foreign airlines
The Nigerian House of Representatives is initiating efforts to reclaim over $7 billion owed to the Federation Account by foreign airlines operating in the country.
Governors back Tinubu’s order on oil, gas revenue remittance
The Nigeria Governors’ Forum has expressed support for President Tinubu's Executive Order on the remittance of oil and gas revenues directly into the Federation Account, emphasizing the importance of fiscal transparency and constitutional adherence.
NGF backs direct oil revenue remittance
The Nigeria Governors’ Forum has endorsed direct remittance of oil and gas revenues into the Federation Account, emphasizing the importance of fiscal transparency and constitutional alignment.
Nigeria: Tinubu Targets Revenue Leakages, Orders Direct Remittance of Oil and Gas Proceeds
President Bola Ahmed Tinubu has issued an executive order aimed at stopping revenue leakages in Nigeria's oil and gas sector by mandating direct remittance of petroleum proceeds to the Federation Account.
NEITI hails Tinubu’s new executive order for blocking oil revenue leaks
The Nigeria Extractive Industries Transparency Initiative praises President Tinubu's Executive Order 9 aimed at directly remitting oil and gas revenues to the Federation Account.
A SEISMIC SHIFT: President Orders Direct Remittance of Oil, Gas Revenues to Federation Account
Nigeria's president has mandated direct remittance of oil and gas revenues to the Federation Account, addressing inefficient spending by the Nigerian National Petroleum Corporation Limited.
Nigeria: When the President Makes the Law - Executive Order 9, the PIA, and the Question of Who Can Stop It
The article discusses President Bola Tinubu's Executive Order No. 9, which undermines the Petroleum Industry Act by allowing direct revenue remittance from the NNPCL to the Federation Account, raising constitutional crisis questions regarding executive power in Nigeria.
RMAFC backs Tinubu’s order on oil revenue remittance
The Revenue Mobilisation Allocation and Fiscal Commission has endorsed President Bola Tinubu's executive order mandating direct remittance of oil and gas revenues to the federation account, citing it will enhance revenue inflows and reduce leakages.
Tinubu’s executive order will curb leakages, boost Federation Account inflows — RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission has stated that President Bola Tinubu’s Executive Order on oil and gas revenue remittance will enhance funds to the Federation Account and reduce revenue leakages.
FG vows to halt states’ interference in LGs’ finances
The Federal Government has pledged to stop state governments from interfering with local government finances allocated from the Federation Account.
Fetug rejects proposed transportation tariffs in Guayaquil and seeks an updated study
The president of the Federation of Urban Transporters of Guayas (Fetug) rejected the proposed tariffs in the ordinance project being discussed for approval in the Guayaquil Cantonal Council, arguing it lacks a technical basis and does not account for new operational costs.
Senate to hike FG’s share of federation revenue
The Senate has initiated a constitutional amendment to boost the Federal Government's share of revenue from the Federation Account, citing the inadequacy of the current allocation formula and ongoing discussions about fiscal federalism.
Electricity subsidy: FG to deduct N3.6tn from Federation Account
The Federal Government plans to deduct N3.6 trillion from the Federation Account to finance electricity subsidies over the next three years as a measure to manage the growing electricity subsidy debt.
Big money, small impact: Govs face fire over N9tn FAAC windfall
State governors in Nigeria are under criticism for their handling of a N9tn windfall from the Federation Account, as many believe this substantial revenue increase has not translated into significant welfare improvements for citizens.
FG, states, LGs shared N1.969trn in December 2025 revenue
The total sum of N1.969 trillion generated in December 2025 has been allocated among the Federal Government, states, and local government councils according to the Federation Account Allocation Committee.