remittance Archives

Petrol subsidy gulps N675bn in three months as NNPC delivers ZERO FAAC remittance

The Nigerian National Petroleum Company (NNPC) says it deducted N245.77 billion for petrol under-recovery costs in March. The value shortfall comprises the previous months’ outstanding and part of the February 2022

Subsidy payment: NNPC plans N114bn deduction from remittance to FAAC in July

The Nigerian National Petroleum Corporation (NNPC) says it will deduct N114.3 billion from its June remittance to the Federation Account and Allocation Committee (FAAC) — due in July. In April,

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NNPC to deduct N126bn from remittance to FAAC in June

The Nigerian National Petroleum Corporation (NNPC) says it will deduct about N126 billion from its remittance to the Federation Account and Allocation Committee (FAAC) for the month of May —

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