Tag: FAAC
NNPC: Fuel subsidy, refinery rehabilitation gulped N1.3tn in five months
Figures released on Monday by the Nigerian National Petroleum Company Limited (NNPC) showed that the amount spent as subsidy on ...
NNPC Remits Nothing to FG in May As Petrol Subsidy Gulps N845bn Amid Fuel Scarcity
The Federal Government (FG) has spent over N845 billion on petrol subsidy, a new report by the Nigerian National Petroleum ...
NNPC: We’ll remit N322.45bn proceeds from four IOCs in April
The Nigerian National Petroleum Company Limited (NNPC) has made it know that it is set to remit N322.45bn crude oil proceeds ...
FAAC shares N590.546bn to FG, States and LGAs
The Federation Accounts Allocation Committee (FAAC) has shared N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States ...
It is ironic NNPC continued to declare profit but made zero remittance to FAAC – NGF
The Nigeria Governors Forum (NGF) has criticised the zero remittance of the Nigerian National Petroleum Company (NNPC) Limited to the ...
FAAC: Fed, States, LGs revenue down by N284b in October
The amount of revenue shared by the Federal Government, States and Local Government Councils (LGCs) dropped by N284.41 billion in ...
NNPC: Petrol subsidy gulped N714bn in seven months
Reports revealed that petrol subsidy payments gulped N714 billion in the last seven months, shrinking monthly revenue accrued to the ...
FG, states, LGs share N697bn for August
The Federation Accounts Allocation Committee (FAAC) has shared N696.965billion as federation allocation for August 2021. Oshundun Olajide, Deputy Director (Information), ...
VAT: How Zamfara, Taraba, others ‘suck’ Lagos, Rivers to survive
Details of the Value Added Tax (VAT) collections made by each state and what it was allocated by the Federation ...
NNPC: We spent N541bn on petrol subsidy in six months
The Nigerian National Petroleum Corporation (NNPC) has stated that it spent N541.65 billion on petrol subsidy between February and July ...
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