NNPC remits N41bn surplus into Federation Account. The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it remitted a surplus
Browsing: Joint Venture Cash Call
OpeOluwani Akintayo 16 July 2018, Sweetcrude, Lagos — The Finance Commissioners’ Forum of the Federation Accounts Allocation Committee, FAAC have…
The report further showed that from January to December, 2017, NNPC remitted a total of N857.36bn into the Federation Account, N644.05bn for Joint Venture financing, and N19 billion to the Federal Government for debt repayment.
Ike Amos 07 February 2018, Sweetcrude, Abuja – The Nigerian National Petroleum Corporation, NNPC, spent N6.849 billion on the payment of…
He lamented that with the current unprecedented average daily fuel evacuation of 55 million litres since 1st December 2017 to date, it was imperative for the security agencies to close-in on the smuggling syndicates who were cashing in on the obvious petrol price differentials between Nigeria and neighboring countries to make illicit profit.
“Closer home, new exploration plays have been and will continue to be discovered in neighbouring West African countries and East Africa, with many producing countries already reviewing their fiscal terms to capture profits and increase government take,” he said.
The Federation Accounts Allocation Committee (FAAC) had in September 2011, resolved that the NNPC should refund over N450 billion in 32 installments after the NNPC said it withheld the money that should have been paid into the Federation Account as stipulated by law.
22 August 2016, Abuja – The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has…
07 August 2016, Abuja – The Nigerian National Petroleum Corporation, NNPC, said it paid the N55.96 billion into the Federation Account…