The Nigerian National Petroleum Corporation (NNPC) has paid the sum of N69.544 billion into the Federation Account in March.This is contained in the corporation’s monthly financial report for March released in Abuja.It said that amount had brought the total amount paid to the Federation Account for Domestic Crude Oil and Gas and other receipts from April 2015 to March 2016 to N1.118 trillion.It added that NNPC also recorded N107.826 billion revenue in the month of March against N104.804 in February.It said that the revenue rose marginally by 2.88 per cent, adding that the expenses of the corporation dipped by 12.92 per cent to N112.368 billion from N129, 034 billion recorded in previous month.According to the report, the corporation also made a loss of N18.89 billion in the month under review.It said the loss was an improvement from a deficit of N24.23 billion recorded in February.A breakdown of the financial performance of its subsidiaries showed that the Nigerian Petroleum Develop
http://www.infopurr.com/2016/05/nnpc-pays-n69bn-to-federation-account.html
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