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Page 9 - Umar Ajiya News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Excess crude account unchanged despite NNPCL s N907bn FAAC remittance

NNPC N123bn remittance and the burden of subsidy debt

…Says only $2.7bn approved for refinery rehabilitation, not $19bn   Established 46 years ago, the NNPC has recently come under intense attack for rundown refineries, and non-remittance of cash due to the Federation Account. The situation has become tense as revenues accruing to states dropped drastically since the advent of Covid-19. For a country that…

NNPC: Payment of N123bn to FAAC shows we re moving in right direction

The Nigerian National Petroleum Company (NNPC) Limited says it remitted an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June 2023. 

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