Post by AOJ (@OsobaseAOJ)

"Under the current PIA framework, NNPC Limited retains 30 per cent of the Federation’s oil revenues as a management fee on Profit Oil and Profit Gas derived from Production Sharing Contracts, Profit Sharing Contracts, and Risk Service Contracts."
In addition, the company retains 20 per cent of its profits to cover working capital and future in
https://www.premiumtimesng.com/news/headlines/857788-tinubu-signs-executive-order-that-slashes-nnpcs-revenue-directs-remittance-to-federation-account.html

"Under the current PIA framework, NNPC Limited retains 30 per cent of the Federation’s oil revenues...

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