Tag: FAAC
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FAAC: FG, States, LGCs Share N1.203trn for August
The Federation Accounts Allocation Committee (FAAC), has shared N1.203 trillion revenue among the Federal Government, states and Local Government Councils
Rates Crash as FAAC Credit, Coupon Payment Boost Liquidity
Rates Crash as FAAC Credit, Coupon Payment Boost LiquidityThe short term benchmark interest rates nosedived in the money market as flood of inflows saturated...
Money Market Rates Dip as Liquidity Pressures Ease
Money Market Rates Dip as Liquidity Pressures EaseMoney market rates decline as liquidity level in the financial system improved following flood of inflows from...
Money Market Rates Crash as FAAC Credit Boosts Liquidity
Money Market Rates Crash as FAAC Credit Boosts LiquidityPressure in the money market eased as inflows boosted the total balance in the financial system....
FG, States, LGs Share ₦1.35trn FAAC Revenue in June
The three tiers of government—federal, 36 states, and 774 local government authorities—shared a total sum of N1.354 trillion in June 2024 Federation Accounts Revenue, an official statement said.
