Nigerian govt activates direct oil revenue remittance to FAAC under Executive Order 9

Ripplesnigeria | 03-03-2026 06:54am |

The Federal Government of Nigeria has begun enforcing Executive Order 9 of 2026, initiating the direct transfer of oil-derived revenues to the Federation Account Allocation Committee (FAAC). The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the development in a statement on Monday, outlining decisions taken at the first meeting of

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