federation account

The Digest: The Nigerian National Petroleum Company Limited (NNPC) remitted N1.804 trillion to the Federation Account in February 2026, a sharp increase from N726 billion in January. Total revenue rose to N2.68 trillion, with profit after tax at N136 billion. Crude oil and condensate...

The Digest: The Federation Account Allocation Committee (FAAC) disbursed ₦1.969 trillion in revenue accrued in December 2025 to the three tiers of government at its January 2026 meeting. The distributable revenue comprised ₦1.084 trillion in statutory revenue, ₦846.5 billion from Value Added...