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Irregular Remittances: NNPC Owes Federation Account ₦6.57 Trillion, Says FAAC

ABUJA, Nigeria — The Nigerian National Petroleum Company Limited (NNPCL) is indebted to the federation to the tune of ₦6.57 trillion as of May...

Tension As NNPC Fails To Pay $1.7 Billion Into Federal Allocation Account

Another round of trouble is brewing between the Federation Account Allocation Committee, FAAC, and Nigerian National Petroleum Corporation, NNPC, over the delay by the...

Okonjo-Iweala Tongue-Lashes Governor Oshiomole Over ‘Unsubstantiated’ Allegations (READ)

Governor Adams Oshiomhole of Edo State on Wednesday, May 27, 2015 in an article titled "Economy: Okonjo-Iweala's hidden figures" called out the Finance Minister,...

FAAC: FG, States, Local Governments Share N603.5 Billion For September

NAN - The Minister of State for Finance, Bashir Yuguda,on Wednesday announced that Federal, States and Local Governments shared N603.5 billion revenue that accrued...

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