NNPC pays N56.96bn into Federation Account in June – Punch

NNPC

The Nigerian National Petroleum Corporation said it paid the N55.96 billion into the Federation Account in the month of June.

This is contained in the corporation’s monthly financial report for the month of June released in Abuja on Sunday.

The report said in parts: “NNPC transferred the sum of N55.96 billion into the Federation Account during the month under review from the net domestic crude oil receipt of N102.68 billion.1

“Also, the 23rd instalment of the refund to the Federal Government of N6.33 billion was remitted into the Federation Account.’’

It added that NNPC recorded a deficit of N26.51 billion in its operations in June.

According to the reports, this represents a significant decline from a surplus of N274 million reported in May.

Read more at http://punchng.com/nnpc-pays-n56-96bn-federation-account-june-report/