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Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June.
This was far higher than the N0.64bn recorded as May 2023 revenue for sharing in June 2023.
By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion June 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. In a statement on Thursday night by the Director of Press and Public Relations in the Office of the Accountant General of
The Nigerian National Petroleum Company (NNPC) Limited said it has remitted N123 billion to the federation account for the month of June 2023.
This, is in deliberate move to consolidate the oil giant Corporation post Petroleum Industry Act (PIA) 2021 status as an income generating company.