The Nigerian National Petroleum Company Limited (NNPC Ltd) received over N453.455 billion in the 12 months of 2025 from the newly established Frontier Exploration Fund (FEF), latest data from the Federation Account Allocation Committee (FAAC), has shown. The figure represents 30 per cent of the total Production Sharing Contract (PSC) profit oil realised during the year, in line with statutory provisions that allocate the funds to frontier exploration, 30 per cent as NNPC management fee, and 40 per cent to the Federation Account............................READ MORE