Tuesday, July 8, 2025

Petroleum Profit Tax (PPT)

October 17, 2024

FG, states, LGs shared N1.298 trillion in September: FAAC

The Federal Accounts Allocation Committee (FAAC) has shared N1

Federation Account Allocation Committee
September 17, 2024

FG, states, LGs shared N1.203 trillion in August: FAAC

FAAC said the federal government received N374.925 billion, and the state governments received N422.861 billion.

TINUBU AND SOME GOVERNORS
September 10, 2024

NNPC Ltd, Chevron convert JV assets to PIA terms

The NNPC said the development was in line with the PIA 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms.

A composite of NNPC and Chevron logo used to illustrate the story
August 16, 2024

FG, states, LGs shared N1.358 trillion in July: FAAC

According to the communique, gross statutory revenue of N1.387 trillion was received for July.

Federation Account Allocation Committee
March 21, 2024

FG, states, LGs shared N1.152 trillion in February: FAAC

“Total revenue of N2.326 trillion was available in the month of February.”

Federation Account Allocation Committee
January 23, 2024

FG, states, LGs share N1.1 trillion from December 2023 allocation

FAAc said that from the N1.127 trillion, the federal government received N383.872 billion, States got N396.693 billion and the LGCs N288.928 billion.

New Naira notes
September 29, 2023

FG, states, LGs shared N1.1 trillion in August: FAAC

The communiqué said total revenue of N1.48 trillion billion was available in August 2023.

President Bola Ahmed Tinubu and Vice President Kashim Shettima with Nigeria governors
May 19, 2023

Buhari, governors, LG chairpersons shared N655.932 billion in April: FAAC

The Federation Account Allocation Committee has given N655.932 billion in revenue for April to the federal, state and local governments.

President Muhammadu Buhari and Nigerian Governors
September 24, 2022

FG, states, LGs shared N673 billion from federation account in August

Revenues from Companies Income Tax (CIT), Petroleum Profit Tax (PPT), Oil and Gas Royalties decreased considerably in August.

August 24, 2022

Monthly Allocation: FG, states, LGs share N954 billion for July

However, the balance in the Excess Crude Account (ECA), as at August 24 stands at 470,599.54 million dollars.

Ministry of Finance HQ