NRS, NUPRC earn N123.54 billion in collection fees from June FAAC revenue
The Nigeria Revenue Service (NRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received a combined N123.54 billion as cost of revenue collection from the Federation Account Allocation Committee (FAAC) revenue distributed in June 2026. The post NRS, NUPRC earn N123.54 billion in collection fees from June FAAC revenue appeared first on Nairametrics .
In June 2026, the Nigeria Revenue Service (NRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) collectively earned N123.54 billion in collection fees from Federation Account Allocation Committee (FAAC) revenue. This information was revealed in the National Bureau of Statistics (NBS) data, which detailed the revenue generated in May 2026 and distributed among the three tiers of government in June.
The agencies' combined collection fees constituted approximately 3.6% of the total N3.40 trillion distributed during the month. The NRS collected the larger share of N84.69 billion, while the NUPRC received N38.85 billion.
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Also reported by 1 other outlet
- FAAC disburses N3.40tn to three tiers in June, up from N3.18tn in May – NBS premiumtimesng.com
