• NNPC loses N11.22bn in 1 month – report

    NNPC loses N11.22bn in 1 month – report

    It was gathered that the Nigerian National Petroleum Corporation (NNPC) has again reported a month-end trading deficit of N11.22 billion in August.

    The figure was obtained on the NNPC website detailing its monthly financial and operations report released in Abuja.

    The corporation had posted a trading deficit of N24.18 billion loss in its July report.

    NNPC, however, indicated that it was able to cut down on its loss-making by N12.96 billion when compared with its deficits in previous months.

    The deficits were recorded even […]