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NNPC pays N123bn interim dividend to FAAC

The Nigerian National Petroleum Company Limited, NNPCL, has commenced the payment of interim dividend and PSC profit oil into the Federation Account Allocation Committee,...

FAAC shares N907.054 Billion June 2023 revenue to FG, States and LGCs

  …as NNPC remits N123 billion as interim dividend   The Federation Account Allocation Committee, FAAC, has shared a total sum of N907.054 billion June 2023 Federation...

Excess Crude Account falls by 89% to $472,513

Ahmed Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from $4.1bn in November 2014 to $472,513 in...

NNPC to deduct N672bn as subsidy hits N1.35trillion in four months

The subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 has risen to N675.93bn, the latest data obtained from the...

BudgIT Calls on NBS to Publish FAAC Disbursements from March – August 2021

BudgIT Foundation, a civic-tech organisation, leading the advocacy for fiscal transparency and accountability in Nigeria and three other African countries, has called on the...

NNPC spent N541bn on petrol subsidy in six months

The Nigerian National Petroleum Corporation, NNPC, says it spent N541.65 billion on petrol subsidy between February and July 2021. This is according to a document...

Revenue Projection in Letter to AGF Not Reflection of Corporation’s Financial Standing- NNPC Clarifies

   Obateru   …Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation, NNPC, has clarified that the revenue projection contained in the letter to...

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