crude oil revenue Archives

Falana to Malami: FG must recover $62bn owed by IOCs since 2003

Femi Falana, a senior advocate of Nigeria (SAN), has called on Abubakar Malami, the attorney-general of the federation (AGF), to ensure the recovery of $62 billion owed by international oil

NNPC failed to remit N3.87trn crude oil proceeds in 2015, says senate

The senate has criticised the Nigerian National Petroleum Corporation (NNPC) for not remitting N3.87 trillion revenue from domestic crude oil sales to the federation account from January to December 2015.

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FAAC allocation hits 2017 high as FG, states, LGs share N652bn

A total of N652 billion was shared among the federal, states and local governments in July, the highest so far in 2017. Ahmed Idris, accountant general of the federation, made

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