Tag Archives: NNPC

THE Nigerian National Petroleum Corporation, NNPC, has revealed that it spent N123.73 billion on petrol subsidy in September 2021. The Corporation in its report to the Federation Account Allocation Committee (FAAC) for October meeting said the amount with additional N40 billion differed deduction would be deducted from its contribution to FAAC in November. NNPC alsoContinue reading “NNPC spends N123.7bn as petrol subsidy in September”

Nigerians paid N2.15trn for petrol in 12 months, says NNPCThe Nigerian National Petroleum Corporation (NNPC) on Tuesday disowned a fake quiz competition trending online which claimed to celebrate its 50th anniversary. The Group General Manager, Group Public Affairs Division, NNPC, Malam Garba Muhammad, made this known in a statement. “In the purported quiz contest, unsuspectingContinue reading “Scam Alert: NNPC disclaims fake 50th anniversary quiz contest”

The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company (NNPC) Limited had made history for being the company with the highest share capital in the country. The Registrar General, Corporate Affairs Commission, Alhaji Garba Abubakar, revealed this on Friday, in Abuja, while presenting the Certificate of Incorporation of the Company to President MuhammaduContinue reading “I took $70m in 12 bags to Abuja banker, ex-NNPC Group General Manager tells court”

Nigerians paid N2.15trn for petrol in 12 months, says NNPCBy Obas Esiedesa, Abuja The Nigerian National Petroleum Corporation (NNPC) has disclosed that it will deduct N149.28 billion spent on petrol subsidy in August, 2021 from its contribution to Federation Account Allocation Committee (FAAC) revenue distributions in the month of October. The Corporation, in its presentationContinue reading “NNPC to deduct N149bn from FAAC as petrol subsidy”