Wednesday 31 August 2016

GOVERNMENT RECEIVES N18.99 BILLION NNPC’S REFUND

The Group Managing Director of NNPC, Maikanti Baru PHOTO: TWITTER/NNPCThe Federal Government received N18.99 billion from the Nigerian National Petroleum Corporation (NNPC) during the second quarter of 2016, being installmental refund of the corporation’s indebtedness to the government.

The Central Bank of Nigeria (CBN), which made this disclosure in its second quarter report, added that the sum of N7.86 billion was equally distributed as exchange gain among the three tiers of government as 13 per cent Derivation Fund.

Read more @ The Guardian

1 comment:

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