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Federation Account

  • In the News

    Tinubu Orders Direct Transfer of Oil Revenues to Federation Account

    by Oluwatosin Racheal Alabi February 19, 2026
    by Oluwatosin Racheal Alabi February 19, 2026

    KEY POINTS President Bola Tinubu has signed a new executive order directing that proceeds from Nigeria’s oil and gas operations be paid directly into the Federation Account, in a sweeping …

  • In the News

    NNPCL Gets N318bn for Frontier Oil Exploration

    by Ikeoluwa Juliana Ogungbangbe September 25, 2025
    by Ikeoluwa Juliana Ogungbangbe September 25, 2025

    KEY POINTS The Nigerian National Petroleum Company Limited has received N318.05 billion between January and August 2025 to finance frontier oil exploration, according to documents from the September meeting of …

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Nigeria’s Oil Boom: Record Production in September 2023

Nigeria Approves 145 New Oil Wells in 2026
Koeberg Unit 2 Passes Nuclear Safety Test

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Nigeria Approves 145 New Oil Wells in 2026
Koeberg Unit 2 Passes Nuclear Safety Test
TCN Announces Six-Hour Power Outage in Delta

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