FAAC releases N1.894tn to FG, states, local govts as February revenue

FAAC releases N1.894tn to FG, states, local govts as February revenue

The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.894 trillion from the February 2026 Federation Account revenue to the federal government, state governments and local government councils. This was disclosed in a communiqué issued on Friday and signed by the spokesperson of the Office of the Accountant-General of the Federation, Bawa Mokwa. According to the statement, the revenue was shared during the March 2026 FAAC…

FAAC Receives 100% PSC Profit Oil as Tinubu's Executive Order Takes Effect

The Federation Account Allocation Committee (FAAC) received the full 100% of profit oil from Production Sharing Contracts (PSCs) remitted by the Nigerian National Petroleum Company Limited (NNPC Ltd) in February.This is according to the February oil and gas revenue distribution figures reviewed by TheCable on Saturday.The development confirms the implementation of Executive Order 9, signed by President Bola Tinubu (effective February 13, 2026), …

Federation receives 100% of PSC profit oil as FAAC distributes ₦1.894 trillion for February

The Federation Account received 100 percent of profit oil from production sharing contracts (PSCs) in February 2026, following the implementation of President Bola Tinubu’s Executive Order 9, which mandates that all government oil revenues be paid directly into the federation account. Figures from the Nigerian National Petroleum Company Limited presented to the Federation Account Allocation […]

Federation Gets 100% of PSC Profit Oil as Tinubu’s Executive Order Takes Effect

The federation account received a 100 percent of profit oil from production sharing contracts (PSCs) from the Nigerian National Petroleum Company  (NNPC) Limited in February in 2026 This is according to NNPC’s February oil and gas revenue distribution figures presented to the federation account allocation committee (FAAC) seen by TheCable on Saturday. The federation had previously received only 40 percent of PSC profit oil. The February figure r…

FAAC Receives 100% Profit Oil as Tinubu’s Executive Order Takes Effect - Economi Confidential

The Federation Account Allocation Committee (FAAC) received 100 percent of profit oil from Production Sharing Contracts (PSCs) remitted by the Nigerian National Petroleum Company Limited (NNPC Ltd). The post FAAC Receives 100% Profit Oil as Tinubu’s Executive Order Takes Effect appeared first on Economi Confidential.