NNPCL deducts N235.6b in seven months for oil search in North, frontier basins

The Nigerian National Petroleum Company Limited (NNPCL) has deducted a total of N235.6 billion between January and July 2025 from the Frontier Exploration Fund (FEF), in line with the provisions of the Petroleum Industry Act (PIA), according to the company’s financial documents.

Kingsley Jeremiah, Abuja