Executive order lifts NNPC’s remittances to FAAC by 60%
An executive order has increased NNPC's remittances to FAAC by 60%, enhancing national revenue. This comes as the company's profit after tax surged over 100% to N276 billion in March.
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An executive order has increased NNPC's remittances to FAAC by 60%, enhancing national revenue. This comes as the company's profit after tax surged over 100% to N276 billion in March.
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The increase in remittances is expected to significantly impact Nigeria's fiscal stability, providing more funds for state governments. The remarkable rise in profit after tax indicates a strong performance by NNPC amidst economic challenges.
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