NNPC posts N24bn deficit in one month - 9JAOlofofo | Nigeia #1 gossip site.

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Saturday, 24 September 2016

NNPC posts N24bn deficit in one month

The Nigerian National Petroleum Corporation, NNPC, yesterday, announced a deficit of N24.18 billion for the month of July 2016.
The NNPC, in its Monthly Financial and Operations Report for July 2016, stated that compared to a loss of N26.51 billion recorded in June.
According to the report, the deficit was in spite of an improvement in its operating revenue to N128.43 billion in the month of July, compared to a revenue of N118.39 billion in June 2016, and representing 49.84 per cent and 54.07 per cent respectively of monthly budget.
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