The Nigerian National Petroleum Corporation (NNPC) had a clean slate in July, recording 858 per cent increase in trading surplus of ₦20.36 billion in July 2020 compared to the ₦2.12 billion surplus in June 2020. The Monthly Financial and Operations Report (MFOR) of the Corporation, sighted by Platforms Africa, which showed this, also indicated that the 858 per cent overall upswell in performance was largely due to the 178 per cent rise in the surplus posted by the Nigerian Petroleum Development Company (NPDC), NNPC’s flagship Upstream entity. The NPDC’s impressive…
Read MoreNNPC’s oil trading surplus hits 858%, swells to ₦20.36bn in July
