The Nigerian National Petroleum Company Limited has requested an additional subsidy refund of N1.19 trillion for July 2024, citing exchange rate differentials on Premium Motor Spirit importation and joint venture taxes, according to findings by The PUNCH. But state governments tackled the national oil company over the latest request, as they raised concerns over NNPCL’s accounting practices. These findings were based on the Federation Account Allocation Committee Postmortem Sub-Committee report for September 2024, which was obtained by The PUNCH on Monday. The report revealed that exchange rate differentials stood at…
Read MoreStates Tackle NNPCL Over Extra N1tn Subsidy Payment
