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.
Tag: FAAC
News and analysis about FAAC
Nairametrics economic indicators and market recap
This week, system inflows should improve driven by inflows from FAAC (NGN681billion), FGN Bond coupons (NGN160billion), NTB (NGN88billion) and OMO ...
FAAC payment: Obaseki replies Finance Minister, says FG should end monetary rascality
Governor Obaseki has urged the FG to take urgent steps to end the current monetary rascality
FAAC: FG did not print N60 billion to augment FAAC – Finance Minister
What is distributed at the FAAC is revenue that is generated by NNPC, FIRS, Customs, the Minister said.
Nigerian oil-producing states receive N424 billion in 2020 as 13% oil derivatives
A sum of N424.02 billion was shared among eight oil-producing states in Nigeria in the year 2020 as part of 13% oil ...
FAAC disburses N601.1 billion to FG, States, and Local Govts in December 2020
The Federation Account Allocation Committee disbursed the sum of N601.11 billion to the three tiers of government in December 2020.
FAAC disburses N604 billion in November 2020 as allocation drops further
The sum of N604 billion was disbursed by the FAAC to the three tiers of government in November 2020.
FAAC: 3 tiers of government shared N601 billion as federation allocation for November
The sum of N601.110 billion was shared between the 3-tiers of government as federal allocation for the month of November.
FAAC disburses N639.9 billion in October 2020, allocation drops by 6.2%
The FAAC disbursed a sum of N639.9 billion to the three tiers of government in October from the revenue generated ...
FAAC allocated N2.05trn to the 3 tiers of govt in Q3 2020 – NEITI
FAAC disbursed the sum of N2.05trn to the three tiers of government in the third quarter of 2020.
