FAAC

Making revenue remittances more transparent

Making revenue remittances more transparent

The lower tiers of government were virtually coerced to accept payments made by the NNPC despite misgivings over remittances made by NNPC. The states had to take what they were given due to pressures over unpaid salaries and other commitments which had accumulated.
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NNPC posts N241bn loss in 10 months

NNPC posts N241bn loss in 10 months

The Nigerian National Petroleum Corporation, NNPC, yesterday announced a loss of N240.987 billion in its operations for 10 months, between January and October 2015.