Projected Remittance News Today

…Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall financial performance of the Corporation.  A press release by the Corporation’s spokesman, Dr. Kennie Obateru, stated that the clarification...

Daily Post Nigeria Published The Nigerian National Petroleum Corporation (NNPC) says reports about its financial distress are inaccurate. NNPC spokesman, Kennie Obateru in a statement on Friday clarified the revenue projection contained in the letter to the Accountant General of the Federation. He said the letter was only on the Federation revenue stream being managed by the NNPC and not a reflection of the overall financial performance of the corporation. NNPC said it is conscious of its role ...

    The Nigerian National Petroleum Corporation (NNPC) has debunked reports of being broke, saying it remains in a positive financial trajectory. The Corporation’s spokesman, Dr. Kennie Obateru made the clarifications in a statement on Friday. He stated that the clarification became necessary in the light of media reports insinuating that the Corporation was in financial straits. “NNPC maintains that it is conscious of its role and was doing everything possible to shore up revenues and su...