{"id":30128,"date":"2021-05-01T03:33:55","date_gmt":"2021-05-01T02:33:55","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=30128"},"modified":"2021-10-07T00:42:44","modified_gmt":"2021-10-07T00:42:44","slug":"nnpc-not-in-financial-straits","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/nnpc-not-in-financial-straits\/","title":{"rendered":"NNPC not in Financial straits"},"content":{"rendered":"<p>The Nigerian National Petroleum Corporation (NNPC) says &nbsp;it is not in&nbsp; any financial straits as being speculated.<\/p>\n\n\n<p>Dr kennie Obateru,&nbsp; General Manager,&nbsp; Group Public Affairs Division of the corporation, said in a statement in Abuja on Friday that the revenue projection contained in the letter to the Accountant General of the Federation (AGF) being cited in the media was only to the Federation revenue stream being managed by the Corporation<\/p>\n\n\n<p>Obateru said the projection was not a reflection of the overall financial performance of the Corporation.<\/p>\n\n\n<p>\u201cNNPC maintains that it is conscious of its role and is doing everything possible to shore up revenues and support the Federation at all times.<\/p>\n\n\n<p>\u201cThe shortfall will be remedied by the corporation as it relates only to the Federation revenue stream being managed by the NNPC and does not reflect the overall financial performance of the corporation.<\/p>\n\n\n<p>\u201cThe NNPC remains in positive financial trajectory for the period in question,\u201d it stated.<\/p>\n\n\n<p>He further said that the corporation pledged to continue to pursue and observe its cost optimisation process with a view to maximizing remittances to the Federation Account.<\/p>\n\n\n<p>Obateru promised that the NNPC would continue to meet its financial obligations to the Federation.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-30128\" data-postid=\"30128\" class=\"themify_builder_content themify_builder_content-30128 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian National Petroleum Corporation (NNPC) says &nbsp;it is not in&nbsp; any financial straits as being speculated. Dr kennie Obateru,&nbsp; General Manager,&nbsp; Group Public Affairs Division of the corporation, said in a statement in Abuja on Friday that the revenue projection contained in the letter to the Accountant General of the Federation (AGF) being cited [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[254],"class_list":["post-30128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-nnpc","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NNPC not in Financial straits - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/nnpc-not-in-financial-straits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NNPC not in Financial straits - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Nigerian National Petroleum Corporation (NNPC) says &nbsp;it is not in&nbsp; any financial straits as being speculated. Dr kennie Obateru,&nbsp; General Manager,&nbsp; Group Public Affairs Division of the corporation, said in a statement in Abuja on Friday that the revenue projection contained in the letter to the Accountant General of the Federation (AGF) being cited [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/nnpc-not-in-financial-straits\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-01T02:33:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-07T00:42:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/08\/NNPC-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"492\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/nnpc-not-in-financial-straits\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/nnpc-not-in-financial-straits\/\",\"name\":\"NNPC not in Financial straits - 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