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The Nigerian National Petroleum Corporation (NNPC) recorded an increase of 80.12% in trading surplus in December 2020, the figure stood at ₦24.19billion compared to the ₦13.43billion surplus recorded in November 2020.
This was disclosed in the December 2020 edition of the corporation’s Monthly Financial and Operations Report (MFOR), according to the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru.
Trading surplus or trading deficit is derived after the deduction of the expenditure profile from the revenue in the period under review.
According to Obateru in a statement issued and seen by Nairametrics, the operating revenue of the NNPC Group in December 2020 as compared to November 2020 increased by 33.44% or N137.00billion to stand at N546.65billion.