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The corporation has been able to fulfil one of its constitutional obligations two months after it broke free from the burden of paying fuel subsidy. | Pulse Nigeria

The News Agency of Nigeria reports that FAAC had on Thursday shared N907 billion among the three tiers of government.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion June 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for July 2023. The meeting was chaired by

The Federation Account Allocation Committee, FAAC, has shared N907.054 billion as June revenue to federal, state and local government councils. The amount

The Federation Account Allocation Committee (FAAC) has shared N907.054 billion as allocation to federal government, states and local government...

The PUNCH observed, however, that the increase recorded for May was higher than that of June despite the fuel subsidy removal.

The Nigerian National Petroleum Company Limited (NNPCL) has remitted N123 billion into the coffers of the Federal Government.

In line with the provisions of the Petroleum Industry Act 2021, the Nigerian National Petroleum Company Limited (NNPCL) has commenced the payment of dividend

In a move to consolidate its post Petroleum Industry Act (PIA) 2021 status as an income generating company, the Nigerian National Petroleum Company Limited (NNPCL), on Thursday commenced the payment of interim dividend and PSC profit oil into the Federation Account Allocation Committee (FAAC). Recalled that on Thursday, FAAC shared N907 billion into the coffers

The shared revenue by the three tiers of government was revealed at the end of the FAAC meeting for June 2023.