NNPCL: Accounting for fuel subsidy, By Uddin Ifeanyi
Interestingly, the NNPCL’s financial statement for 2024 reports ₦8.67 trillion as an “under-recovery” balance. Other coverage in the 2025 statement describes ₦8.67 trillion as a “federation receivable.” Both labels and reporting periods are not interchangeable, but if either means that the corporation continues to cover a gap between petrol’s supply cost and a managed selling […] The post NNPCL:…
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