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Tag Archives: no revenue in April & May

April, 2021

  • 29 April

    NNPC raises alarm over cash crunch, no revenue in April & May, writes govs

    The Nigerian National Petroleum Corporation has alerted the federal and state governments to its dwindling contribution to the federation account as a result of the bloated fuel subsidy. It said it would only be able to remit N12.966bn to the Federation Accounts Allocation Committee in June after removing fuel subsidy from its income. The corporation, which stated this in a ...