This is as the price of crude oil in the international market topped $95 per barrel this week.
A document by the Federal Account Allocation Committee (FAAC) seen on Wednesday showed that in August 2023, the Nigerian Liquefied Natural Gas (NLNG) paid $275m as dividends to Nigeria via NNPC Limited. NNPC Limited used $220m (N169.4 billion at N770/$) out of the $275m to pay for the PMS subsidy, while holding back $55m illegally, Daily Trust reports.
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