Business
NNPC Directs 100% of PSC Profits to Federation Account Following Presidential Order
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has remitted the entire profits from its Production Sharing Contracts (PSCs) for February 2026 to the Federation Account, a move in line with President Bola Tinubu's Executive Order 09. This shift follows a previous remittance of only 40% in January.