The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it remitted N10 trillion to the federation account in 2024.
The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this during a presentation on the company’s 2024 revenue performance and 2025 projections to the National Assembly’s joint committee on finance in Abuja on Wednesday, January 15, 2025.
Kyari also called for a forensic audit of the funds spent by the NNPCL on fuel price stabilisation and ensuring uninterrupted petrol supply between January and September 2024.
The NNPCL boss said: “Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel supply.
Nigeria’s inflation rate rises to 34.8%
“A forensic audit is needed to determine the financial obligations of NNPCL and any owed entities. Our transactional accounts are transparent and published annually, reinforcing our status as the top taxpayer and the highest contributor of royalties and dividends.”
Speaking on NNPCL’s 2025 revenue projections, Kyari stated that a definitive figure would be provided after the upcoming board of directors meeting in two weeks.
Kyari also assured the committee that the parameters for the 2025 budget were both realistic and achievable.
The Socio-Economic Rights and Accountability Project (SERAP) has sued the Central Bank of Nigeria (CBN),…
Yan Diomande earned Real Madrid a tight 1-0 victory over Villarreal on Saturday to keep…
Argentine superstar Lionel Messi scored twice to help Inter Miami rout DC United 4-0 on…
Access Holdings Plc, Zenith Bank Plc, and United Bank for Africa (UBA) Plc led trading…
The Lagos State Government has announced plans to increase electricity supply to 3,000 megawatts (MW)…
The Independent National Electoral Commission (INEC) has omitted Aminu Abdussalam Gwarzo, the alleged governorship candidate…
This website uses cookies.