The Nigerian National Petroleum Corporation (NNPC) said it paid N56.22 billion into the Federation Account in April this year. The corporation stated this in its Monthly Financial Report released in Abuja on Thursday.
“NNPC transferred N56.22 billion to the Federation Account for the month of April being proceeds from local sale of petroleum products. “Thus, the sum of N933.12 billion has been paid to the Federation Account Allocation Committee (FAAC) from March, 2015 to April, 2016,” the News Agency of Nigeria (NAN) quoted the corporation as saying in the report.
On crude oil sale for the month under review, it said that NNPC recorded export sale of 289.36 million dollars, adding that the sales were made in March, while the collection was made in April this year.