The Federation Accounts Allocation Committee (FAAC) on Wednesday shared the sum of N604.004 billion among the three tiers of government as revenue allocation for October. The Permanent Secretary in the Ministry of Finance, Budget and National Planning, Aliyu Ahmed, who disclosed in a statement issued at the end of the FAAC meeting in Abuja, said the funds included the cost …

Nigeria needs to achieve a unit operating cost of $10 per barrel to be able to maximise more revenue from oil, Group General Manager of the National Petroleum Investment Management Service, Bala Wunti, has stated. He said the competitive nature of the global oil market had made it more compelling for Nigeria to reduce its oil production costs. Wunti while …