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Tag: Excess Crude Account (ECA)

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FAAC: FG, States, LGCs Share N1.1trn For August

By Agency Report The Federation Account Allocation Committee (FAAC), has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils...

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July 2023 Allocation: FG, States, LGACs Share N966.110bn From N1746.491 trn Gross Revenue

At its meeting chaired by the Honourable Minister of Finance and the Co-ordinating Minister of the Economy, Mr. Wale Edun, Tuesday, the Federation Account...

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Why We Paid N123bn Interim Dividend To FAAC – NNPCL

By Agency Report The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the...

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May Revenue: FAAC Shares N786.161bn To FG, States And LGCs

The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States...

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How Niger Delta States Received N625bn Derivation Funds In Two Years, FG Reveals

The Federal Government has revealed that the oil-bearing states in the country have received a total of N625.43 billion 13 per cent oil derivation,...

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How $1 Billion Arms’ Fund Was Spent — Presidency

By Abiola Olawale The presidency has reacted to the controversy trailing the allegations of missing $1 billion arms' fund under during the tenure of the...

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