Home Business Federation Account: NNPC To Remit N322.45bn In April

Federation Account: NNPC To Remit N322.45bn In April

by Kunle Awosiyan
Mele Kyari

The Nigerian National Petroleum Company Limited is to remit N322.45bn crude oil proceeds garnered from four international oil companies to the Federation Account this month (April).

The NNPC disclosed this to members of the Federation Account Allocation Committee in its presentation at the last FAAC meeting of March 22, 2022.

It said the N322.45bn was for January 2022 domestic crude oil payable in April 2022 by the NNPC, adding that this was in line with the NNPC’s 90 days payment term.

0 comment
0

Related Articles