federation account allocation committee (FAAC) Archives

EXCLUSIVE: FAAC receives N1.959tr revenue in July — probably highest ever

The three tiers of government could share N1.959 trillion in July 2023 — probably a record, TheCable can report. This is nearly triple the N786.161 billion shared in June and

NNPC: We recorded 8m barrels of oil production losses in July

The Nigerian National Petroleum Company (NNPC) Limited says it recorded 8.14 million barrels of production losses across crude oil terminals in July 2022. The national oil firm made this known

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Adeosun: NNPC-FAAC revenue template to be ready in September

The revenue reporting template to be used by the Nigerian National Petroleum Corporation (NNPC) for remittances to the federation account allocation committee (FAAC) will be ready in September. Kemi Adeosun,

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