NNPC DECLARES PROFITS DESPITE CHALLENGES
Written by thereachfm on March 19, 2019
The Nigerian National Petroleum Corporation, NNPC, on Sunday, declared a trading surplus of N12.13 billion in its financials for December 2018.
Group Managing Director of the NNPC, Maikanti Baru, in a statement on its Monthly Financial and Operations Report for December 2018 said its positive financial performance in the month under review was in spite of disturbing reports of breaches on its assets.
Baru attributed the positive swing to higher revenue numbers posted by the NNPC’s upstream subsidiary, the Nigerian Petroleum Development Company, NPDC, which was targeting a 500,000 barrels per day, BPD, crude oil output by 2020.