By Edith Ike-Eboh
The Nigerian National Petroleum Corporation (NAN) says it transferred N153.01 billion into the federation account in January.
The corporation disclosed this in its Financial and Operations Report for the month of January released in Abuja on Sunday.
“Within the period under focus, NNPC transferred N153.01 billion into the Federation Account.
“Cumulatively, from January 2018 to January 2019, Federation and JV received N905.45 billion and N658.66 billion respectively, under the column of Naira Payments to the Federation Accounts,’’ NNPC said in the report.
The corporation also said that it made a trade surplus of N15.04billion for January 2019, an increase of 24 per cent over the N12.13 billion surplus posted by the corporation in December 2019.
It attributed the positive financial position to the improved performance of NNPC’s upstream subsidiary, Nigerian Petroleum Development Company…
Source: News Agency of Nigeria
