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FAAC: NNPC Remits N123bn After 18 Months Of Non-remittance - Vimarsana News

FAAC: NNPC Remits N123bn After 18 Months Of Non-remittance

The Nigerian National Petroleum Company (NNPC) Limited said it has remitted N123 billion to the federation account for the month of June 2023.

PIA Act-Fuel Subsidy: NNPCL begins to reflect new status as it disburses N123b dividend to FAAC - Vimarsana News

PIA Act-Fuel Subsidy: NNPCL begins to reflect new status as it disburses N123b dividend to FAAC

This, is in deliberate move to consolidate the oil giant Corporation post Petroleum Industry Act (PIA) 2021 status as an income generating company.

Why we paid N123b interim dividend to FAAC – NNPCL - Vimarsana News

Why we paid N123b interim dividend to FAAC – NNPCL

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

FAAC Shares N907.054 Billion June 2023 Revenue To FG, States And LGCs - Nigerian Television Authority --Africa's Largest TV Network - Vimarsana News

FAAC Shares N907.054 Billion June 2023 Revenue To FG, States And LGCs - Nigerian Television Authority --Africa's Largest TV Network

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

Source: nta.ng
FAAC shares N907bn, Tinubu approves infrastructure fund - Vimarsana News

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.