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THE Nigerian National Petroleum Company (NNPC) Limited says it remitted $29.28 million from crude oil and gas export proceeds alongside N2.07 billion in gas revenue to the federation account for the April 2026 meeting of the Federation Account Allocation Committee (FAAC). Details of the remittance were contained in the company’s report entitled ‘March 2026 Crude […]
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THE federation account received the full value of profit oil generated from production sharing contracts (PSCs) in February 2026 after the Nigerian National Petroleum Company Limited (NNPCL) began implementing a new presidential directive on oil revenue remittances. Details contained in the February oil and gas revenue distribution report presented to the Federation Account Allocation Committee […]
THE Nigerian National Petroleum Company Limited (NNPCL) has reported that the amount it paid to the federal government as statutory remittances declined significantly in January 2026. In its Monthly Report Summary for January, released on Monday, the national oil company disclosed that statutory payments stood at N726 billion during the month. These payments represent the […]