NNPC pays N153.01bn into federation account in January vanguardngr.com vanguardnews
“Within the period under focus, NNPC transferred N153.01 billion into the Federation Account.
It attributed the positive financial position to the improved performance of NNPC’s upstream subsidiary, Nigerian Petroleum Development Company which recorded surplus numbers in spite reduced operational activities in the month. On petrol supply, 1,998.61 million litres of petrol was supplied into the country through the Direct-Sale-Direct-Purchase crude-for-product arrangement in the month under review..
“The Warri-River Niger axis accounted for 10 per cent and other locations accounted for the remaining 21 per cent of the pipeline breaks,’’ the report stated.
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