NNPC receives ₦318bn for frontier oil exploration
Key activities included logging and testing of the Eba-1 well in the Dahomey basin, new drilling in Bida, re-evaluation of Wadi wells in Chad, and reassignment of Ebeni-1 drilling in Benue.
Tag: FAAC
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NNPCL yet to remit N500bn fiscal savings from PMS subsidy removal –World Bank
Although the subsidy was fully removed on October 1, 2024, NNPCL did not start transferring the resulting revenue gains to the Federation until January 2025.
Subsidy deduction: Allocation Committee meets today as NNPC action threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation Committee is scheduled to meet on Tuesday (today).