BusinessDay
Nigeria's leading finance and market intelligence news report.

NNPC projects zero contribution to FAAC for next two months

The Nigerian National Petroleum Corporation will be unable to make any contribution to the Federal Accounts Allocation Committee (FAAC) in April due to fuel subsidy payment, a development that hampers its plans. In an April 26 letter to the Attorney General, seen by BusinessDay, the NNPC said: “The Accountant General of the Federation is kindly…

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