NNPC says it is not in financial crisis over FAAC remittances
The clarification became necessary in the light of media reports insinuating that the corporation was in dire financial straits.
News and analysis about FAAC
The clarification became necessary in the light of media reports insinuating that the corporation was in dire financial straits.
This week, system inflows should improve driven by inflows from FAAC (NGN681billion), FGN Bond coupons (NGN160billion), NTB (NGN88billion) and OMO ...
Governor Obaseki has urged the FG to take urgent steps to end the current monetary rascality
What is distributed at the FAAC is revenue that is generated by NNPC, FIRS, Customs, the Minister said.
A sum of N424.02 billion was shared among eight oil-producing states in Nigeria in the year 2020 as part of 13% oil ...
The Federation Account Allocation Committee disbursed the sum of N601.11 billion to the three tiers of government in December 2020.
The sum of N604 billion was disbursed by the FAAC to the three tiers of government in November 2020.
The sum of N601.110 billion was shared between the 3-tiers of government as federal allocation for the month of November.
The FAAC disbursed a sum of N639.9 billion to the three tiers of government in October from the revenue generated ...
FAAC disbursed the sum of N2.05trn to the three tiers of government in the third quarter of 2020.