The Nigerian National Petroleum Corporation has said that it recorded a trading surplus of N17.16bn in April. The Group General Manager, Public Affairs, NNPC, Mr Ndu Ughamadu, said this in a statement made available to our correspondent in Abuja on Thursday. According to him, the surplus is part of the highlights of the corporation’s Monthly Financial and Operations Report for April 2018. The report, the 33rd edition since the national oil firm commenced the publication of its financial and operations reports on a monthly basis, indicated a N5.43bn improvement or 46.29 per cent on the trading surplus recorded in March, he added. Ughamadu said the trading surplus was achieved through a combined higher performance by the upstream, midstream (refineries) and downstream sectors as well as a reduction in corporate headquarters’ operational expenditure. Read more:
Category: Market News
