The Nigerian National Petroleum Corporation (NNPC) paid a whooping N1.7 trillion to the country’s Federation Account Allocation Committee (FAAC), between February 2019 and February 2020. The national oil company, which said this in its Monthly Financial and Operational Report (MFOR) for April, 2020 obtained by Platforms Africa, revealed that it recorded a total export of $370.69 million in February, a decrease of 14.75 per cent compared to the previous month. It added in a statement by its spokesperson, Dr. Kennie Obateru, that crude oil export sales contributed $281.14 million…
Read MoreNNPC: Remittances to Nigeria’s Coffers hit N1.7trn In One Year
