CBN, FAAC clash over probe of federation revenue accounts
All is not well between the Federation Account Allocation Committee (FAAC) and the Central Bank of Nigeria (CBN) over issues ...
Tag: FAAC
13% refund: Edo received only N2.1bn — Govt
The Edo State government, yesterday, reacted to the controversy trailing the alleged release of trillions of naira out of the ...
FAAC shares N802.407bn June 2022 revenue to FG, states, LGCs
The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion June 2022 Federation Account Revenue to ...
NNPC: Fuel subsidy, refinery rehabilitation gulped N1.3tn in five months
Figures released on Monday by the Nigerian National Petroleum Company Limited (NNPC) showed that the amount spent as subsidy on ...
NNPC Remits Nothing to FG in May As Petrol Subsidy Gulps N845bn Amid Fuel Scarcity
The Federal Government (FG) has spent over N845 billion on petrol subsidy, a new report by the Nigerian National Petroleum ...
NNPC: We’ll remit N322.45bn proceeds from four IOCs in April
The Nigerian National Petroleum Company Limited (NNPC) has made it know that it is set to remit N322.45bn crude oil proceeds ...
FAAC shares N590.546bn to FG, States and LGAs
The Federation Accounts Allocation Committee (FAAC) has shared N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States ...
It is ironic NNPC continued to declare profit but made zero remittance to FAAC – NGF
The Nigeria Governors Forum (NGF) has criticised the zero remittance of the Nigerian National Petroleum Company (NNPC) Limited to the ...
FAAC: Fed, States, LGs revenue down by N284b in October
The amount of revenue shared by the Federal Government, States and Local Government Councils (LGCs) dropped by N284.41 billion in ...
NNPC: Petrol subsidy gulped N714bn in seven months
Reports revealed that petrol subsidy payments gulped N714 billion in the last seven months, shrinking monthly revenue accrued to the ...
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