FAAC shares N907bn, Tinubu approves infrastructure fund
The PUNCH observed, however, that the increase recorded for May was higher than that of June despite the fuel subsidy removal.
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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.