Excess crude account Archives

N714.629 Billion March 2023 Federation Account Revenue Shared By FAAC

A communiqué released after the April 2023 meeting of the Federation Account Allocation Committee (FAAC), reveals that N714.629 billion was shared among the federal, state,...

Finance9 years ago

FG orders forensic audit on NNPC, NIMASA, NPA, FIRS, 77 other Agencies

By Gbenga KOSOKO LAGOS-THE National Economic Council (NEC) rose from its 65th meeting on Thursday in Abuja, with an approval to engage two audit firms to...

Finance10 years ago

FG, states shared N6.21trn from Excess Crude Account in four years

ABUJA-The federal and state governments shared a total of N 6. 21 trillion from the Excess Crude Account in the last four years. According to a...

Finance10 years ago

ECA drops to $2.45bn as FG, states share N580bn

-The Excess Crude Account has been further depleted by about $650m from the $3.1bn in December to $2.45bn as of January 16, figures obtained from the...