Under-recovery Archives

NNPC: We spent N541bn on petrol subsidy in six months

The Nigerian National Petroleum Corporation (NNPC) says it spent N541.65 billion on petrol subsidy between February and July 2021. This is according to a document detailing the national oil company’s

Subsidy payment: NNPC to deduct N170bn from remittance to FAAC in August

The Nigerian National Petroleum Corporation (NNPC) says it will deduct N170.4 billion from July remittance to the federation account and allocation committee (FAAC) — due in August. In recent months,

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‘60% of marketers forced out of business’– DAPPMA condemns unpaid subsidy arrears

The Depot and Petroleum Products Marketers Association (DAPPMA) says 60% of marketers have been forced out of business as a result of unpaid subsidy arrears by the federal government. Speaking to

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