NNPC and NUPRC Remit N322bn, $116.9m After Tinubu Order

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted a total of N322 billion and $116.9 million to the federal account within two months after the implementation of Executive Order 9, signed by President Bola Tinubu on February 2026. This order mandates full transfer of crude oil and gas revenue to the federal account to strengthen transparency and improve revenue inflow amid rising fiscal pressures.

The remittance includes various revenue streams such as product share contracts and crude oil export earnings. In March 2026, NNPC reported a total remittance of N42.64 billion and $29.28 million, while NUPRC disclosed a separate remittance of N34.2 billion for the same period.

The figures indicate a significant increase in revenue performance compared to previous months, reflecting the government's efforts to enhance fiscal management and protect national revenue.