federation account

Oil and Gas

‘It is federation’s money’, Tinubu’s powers to write off $1.42bn, N5.57tn NNPC debt questioned

President Bola Tinubu's approval of the cancellation of a substantial portion of the debts owed by the Nigerian National...
Harrison EDEH -
Business and Economy

FAAC allocation to FG, States, LGAs increases to N1.818 trn in June

FEDERATION revenue distributed by the Federation Account Allocation Committee (FAAC) to the federal government, 36 state governments, and 774...
Ehime ALEX -
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Business and Economy

NNPCL remitted only 50% of fuel subsidy savings to government – World Bank

THE Nigerian National Petroleum Company Limited  (NNPC) has only been remitting 50 per cent of the gains generated from...
Ehime ALEX -
Business and Economy

Auditor-general’s report indicts NNPCL of N514bn fraud

THE Office of Auditor-General of Nigeria has indicted the Nigerian National Petroleum Company Limited (NNPCL) of N514 billion in...
Ehime ALEX -
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Oil and Gas

Nigeria’s budget funding threatened as oil production drops to 1.23mn bpd

THE Nigerian budget funding largely benchmarked on crude oil production is under threat following a drop in the country's...
Harrison EDEH -
Featured News

Senate summons Adeosun, Emefiele over ‘illegal withdrawal’ of $462m from federation account

    The Senate has summoned Godwin Emiefele, Governor of the Central Bank of Nigeria (CBN); Kemi Adeosun, Minister of Finance;...
'Kunle ADEBAJO -
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