NewStats: 3,263,266 , 8,179,602 topics. Date: Thursday, 05 June 2025 at 10:21 AM 405d5

The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Motor Spirit, popularly called petrol, into the country.

The claim was listed as “Exchange rate differential on PMS and other t venture taxes” on petrol products imported by the company between August 2023 to June 2024.

This was disclosed by the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, at the June meeting of the Federation s Allocation Committee. Our correspondent obtained the minutes of the meeting on Thursday.

Exchange rate differentials refer to the income accrued to banks or government agencies from the difference in value between two currencies at different times through foreign exchange’s sale and purchase prices.

https://punchng.com/nnpcl-demands-n4-7tn-petrol-imports-refund/#google_vignette

NNPCL....the number one corrupt organization in the world

Why na

De no fit leave am for fine citizens

Ok

Shege banza!!!

Kutuma barawo kawai...!!!

Subsidy indirectly

B.A.T till 2031


This comment go pain plenty here

Which money is that?
Subsidy or what?

Criminals

Can you imagine..

Hmmm this nnpc nawa o

A privatized entity that has never produced one financial report, has no shareholders. It has not produced a single refinery rather its just collecting money for doing nothing. Just like any other corporation, they don't add any real value to society.

This country can never get better. Know this and know peace

The way I dislike this nnpcl ehn

Government Dey owe NEPA
Government Dey owe NNPC

Light and Fuel and that’s the foundation of Tinubu failure.

Shame shame shame….

Shameeeeee

Okay... But how much are they making from MALTA

If NNPL isn’t the most corrupt entity in the world, make I bend.

We need a public investigation (foreign) of NNPL

open and public (televised) audit.

Exchange rate differentials

Which way Nigeria?

Founder of Lagos na big Olodo

Princelumide:
Shege banza!!!
Kutuma barawo kawai...!!!

Wuta Bola

This would never happen with Peter Obi

Zombies as usual

E

Tinubu bots have avoided this thread. Thieves!

Subsidy in other word

That is equivalent to almost half of Dangote's refinery.

Why is Tinubu afraid of dismantling this NNPC leadership