Tag: Money
FG, States, LGs Share ₦1.7 Trillion January Revenue – FAAC
The Federation Account Allocation Committee (FAAC) has announced the distribution of ₦1.703 trillion in revenue generated in January 2025 to the Federal Government, states, and local government councils. The allocation was made during the February FAAC meeting held in Abuja, according to a statement by the Director of Press and Public Relations, Office of the…
Naira Depreciates to N1,502/$ in Parallel Market Amid Slight Gain in Official Market
The Nigerian Naira experienced a slight depreciation in the parallel market yesterday, trading at N1,502 per dollar compared to N1,500 per dollar on Monday. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira showed a marginal appreciation, closing at N1,501.5 per dollar, according to data released by the Central Bank of Nigeria (CBN). The…