The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country, sparklight news has learnt. Mr. Wale Edun Minister of Finance and the Coordinating Minister of the Economy, disclosed this at the June meeting of the Federation Accounts Allocation Committee. According to a report,exchange rate differentials refer to the income accrued to banks or government agencies from the difference in value between two currencies at different times through foreign…
Read More‘Nigeria Owing Us,’ NNPC Demands N4.7trn Petrol Imports Refund
