NNPCL secures N318bn to fund new oil exploration
Between January and August 2025, the Nigerian National Petroleum Company Limited (NNPC Ltd) received N318.05 billion for frontier oil exploration, according to documents from the September 2025 Federation Account Allocation Committee (FAAC) meeting, reviewed by The PUNCH. This amount represents 30 per cent of the profits from Production Sharing Contracts (PSCs), which are automatically allocated…
