Oil
NNPC’s Federation Account remittance hits N11.41tn
CEII brief
Punch reported on 5 Nov 2026: NNPC’s Federation Account remittance hits N11.41tn.
Read the full story on PunchThe Nigerian National Petroleum Company Limited paid N11.14tn to the Federation Account between January and September 2026, despite a revenue decline.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Punch. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
