World Bank Flags ₦500bn Revenue Gap in NNPCL’s 2024 Remittance
The World Bank has raised red flags over the Nigerian National Petroleum Company Limited (NNPCL) for failing to remit half of the revenue generated from the removal of the petrol subsidy in 2024. According to its latest Nigeria Development Update (NDU), the NNPCL only remitted ₦600 billion out of a total ₦1.1 trillion in earnings