BREAKING: FAAC Gets 100% Of Profit Oil As Tinubu’s Executive Order Takes Effect

Posted on March 14, 2026March 14, 2026 by GISTSMATE MEDIA

The federation account received a 100 percent of profit oil from production sharing contracts (PSCs) from the Nigerian National Petroleum […]

JUST-IN: FG Approves Transition Period For Direct Oil Revenue Payments Into Federation Account

Posted on March 2, 2026March 2, 2026 by GISTSMATE MEDIA

The Federal Government has approved a transition period for the implementation of direct payments by oil contractors into the Federation […]

Posted on February 18, 2026February 18, 2026 by GISTSMATE MEDIA

President Bola Tinubu has signed an executive order for the direct remittance of oil and gas revenues to the federation […]

Posted on October 17, 2025October 17, 2025 by GISTSMATE MEDIA

The Federation Account Allocation Committee has shared a total of N2.103tn in revenue among the Federal, state and local governments […]

Posted on September 17, 2025September 17, 2025 by GISTSMATE MEDIA

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for August 2025 — the highest ever […]

Posted on July 19, 2025July 19, 2025 by GISTSMATE MEDIA

The Federation Account Allocation Committee (FAAC) has distributed a total sum of N1.818 trillion to the Federal Government, State Governments, […]

Posted on May 17, 2025May 17, 2025 by GISTSMATE MEDIA

From the Federation Account Allocation Committee, FAAC, the Federal Government, 36 states, and 774 local governments got N1.681 trillion as […]

Posted on April 15, 2025April 15, 2025 by GISTSMATE MEDIA

The Federation Account Allocation Committee (FAAC) has shared ₦1.578 trillion among the Federal Government, states and local governments for the […]

Posted on February 27, 2025February 27, 2025 by GISTSMATE MEDIA

The Federal Government, States, and Local Government Councils have shared a total of N1.703 trillion from the Federation Account revenue […]

Posted on February 20, 2025February 20, 2025 by GISTSMATE MEDIA

The Federation Accounts Allocation Committee (FAAC) meeting scheduled for Wednesday was postponed due to a dispute between states and the […]