NNPC to deduct N114 bln from expected revenue remittance to federation account in June: In a presentation by the corporation to the FAAC, on June 22, the data showed that under-recovery or subsidy claims deducted from oil revenues by the NNPC amounted to N25.374 billion in February, N60.396 billion in March and N61.966 billion in April. But it rose astronomically to N126.298 billion in May before falling to N114 billion in June.
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