• NNPC declares N18.89bn loss over business operations in the month of March

    NNPC declares N18.89bn loss over business operations in the month of March

    The Nigerian National Petroleum Corpora­tion (NNPC) has, de­clared N18.89 billion loss in the month of March. This was contained in the corporation’s month­ly financial and opera­tions report posted on its website.

    The report indicated that the N18.89 billion loss was 22.03 percent lower than the N24.23 billion operational defi­cit in the month of Feb­ruary.

    The loss, the corpora­tion explained, was as a result of the decline in operating expenses and marginal increase in rev­enue of the NNPC.

    The report also said the reduction was […]