Tag: zero remittance
-
JUST IN: NNPC confirms zero FAAC remittance projection for May, disagrees corporation is broke
Nigerian National Petroleum Corporation (NNPC) said the zero revenue remittance projection in its letter to the Accountant General of the Federation(AGF) pertains only to the revenue stream it manages for the country. It said the letter was not a reflection of the overall financial performance of the Corporation. Dr. Kennie Obateru, the Corporation’s spokesman, said…
-
More woes for Nigeria as NNPC projects zero remittance for May
Nigeria may face more dire times following the projection of a deflated revenue for the three tiers of government, federal, states and local governments as the Nigerian National Petroleum Corporation (NNPC) battles to cover for subsidy on petrol while it has warned monthly remittance to the federation accounts allocation committee (FAAC) for May will be…