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2 results for “statutory revenue”

FAAC Distributions Rise 4% to N2.4 Trillion in October as Statutory Revenue Rebounds

FAAC distributed N2.4 trillion among Nigeria's three tiers of government in October 2026, up 4 per cent month-on-month, as statutory revenue rose 7 per cent and the 13% derivation fund jumped 28 per cent.

Musa Abdullahi1 hr ago4 min read

Economy

FAAC Shares N2.428 Trillion to FG, States, LGs as Oil Revenue Rebounds

The three tiers of government shared N2.428 trillion for September 2026, up N90 billion from August, as gross statutory revenue rose 8.6% on higher oil receipts while VAT collections fell 2.2%.

Tunde Balogun4 min read