NewsBreakNigeria
USD/NGN 1,330.27 ▴0.2%GBP/NGN 1,777.88 ▾0.3%USD/NGN black market ₦1,392GBP/NGN black market ₦1,880
USD/NGN 1,330.27 ▴0.2%GBP/NGN 1,777.88 ▾0.3%USD/NGN black market ₦1,392GBP/NGN black market ₦1,880

Lower Revenue For Govts As FAAC Allocation Falls By 22% To N2.338trn

Nigeria’s August revenue fell sharply as statutory collections declined by N1.508 trillion, meaning lower revenue for the three tiers of government The development came as the federal government, the 36 states and the…

Aggregated · originally by Leadership
18 Sept 2026, 06:01 WAT · 3 min read
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Lower Revenue For Govts As FAAC Allocation Falls By 22% To N2.338trn

Nigeria’s August revenue fell sharply as statutory collections declined by N1.508 trillion, meaning lower revenue for the three tiers of government The development came as the federal government, the 36 states and the…