Federation account records N180 billion PSC profit oil as NNPC dividends hit zero in Q1 2026

Key points Main Story The federation account received a total of N180.04 billion as production sharing contracts (PSCs) profit oil from the Nigerian National Petroleum Company (NNPC) in the three months of 2026. Data from the NNPC oil and gas revenue distribution report presented to the Federation Account Allocation Committee (FAAC) showed that the federation … Continue reading Federation account records N180 billion PSC profit oil as NNPC dividends hit zero in Q1 2026