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NNPC Posts N13.23billion Trading Surplus in October
['African Examiner']
Government Buz | African Examiner
NNPC Posts N13.23billion Trading Surplus in October… Records 81 Per cent Drop in Pipeline Vandalism(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.23billion in October 2019, representing an increase of 54 percent vis-à-vis the ₦8.59billion surplus posted in September last year.
To underline the increasing fortunes of the corporation in recent times, the September, 2019 trading surplus of ₦8.59billion in turn indicated a significant increase of 65 per cent compared to the ₦5.20billion surplus posted in August 2019, even as that beat the ₦4.26billion surplus posted in July 2019, reflecting an increase of 22 per cent.
The NNPC said the increase of 54 per cent trading surplus in October 2019 accounts of the corporation was majorly attributable to improved trading surplus posted by its flagship Upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).
Overall, the October 2018 to October 2019 Crude Oil and Gas transactions indicated that Crude Oil & Gas worth $5.49 Billion was exported.
The report said that in October 2019, 35 vandalized-pipeline points, representing a decrease of 81 per cent from the 186 vandalized-points in September 2019, were recorded.
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