FAAC Gets 100% Profit Oil as Tinubu’s Order Takes Effect
The Federation Account Allocation Committee (FAAC) has received 100 percent of profit oil from Production Sharing Contracts (PSCs). Following the implementation of a new executive order by Bola Ahmed Tinubu. According to the February oil and gas revenue distribution report obtained by TheCable. The Nigerian National Petroleum Company Limited (NNPC Ltd) remitted the full profit…