Tag: FAAC

President Bola Tinubu has stated that the removal of fuel subsidy by his administration helped prevent Nigeria from falling into ...

Nigeria’s Federation Account Allocation Committee (FAAC) is set to receive 100% of revenues generated from Production Sharing Contracts (PSCs) following ...

Nigeria recorded a sharp rise in petrol importation in March 2026, even as government agencies continue to promote local refining ...

The Nigerian National Petroleum Company has reported a significant 60 percent increase in remittances to the Federation Account, reaching N2.88 ...

States across Nigeria are increasing borrowing despite a sharp rise in revenues from the Federation Account Allocation Committee (FAAC), raising ...

Nigeria's oil revenue inflows rose sharply in February following the implementation of Executive Order 9 signed by President Bola Tinubu, ...

Nigeria's January 2026 Value Added Tax (VAT) distribution figures have delivered the clearest indication yet of how the revised revenue ...

In a decisive move to consolidate Nigeria’s oil and gas earnings, President Bola Tinubu has signed a new executive order ...

Nigeria’s oil-dependent economy faced a sobering reality in 2025 as the country’s hallmark revenue earner, the Nigerian National Petroleum Company ...

Despite recurring calls for fiscal federalism and economic diversification, most Nigerian states remain tethered to monthly allocations from the Federation ...