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Total income dips by N396bn Emmanuel Addeh in Abuja The Nigerian National Petroleum Corporation (NNPC) made a total revenue of N1.088.88 trillion in the first five months of 2021, a Federation Account Allocation Committee (FAAC) document detailing its operations for the period has shown. The figure is N396.8 billion lower than the N1.485 trillion revenues it grossed in the first five months of 2020. However, the corporation has resumed its frontier exploration services suspended in April. But despite the gross revenue accruals, the corporation failed to fully meet its monthly funding obligation of N414.941 billion for its projects and operations for the period.

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