1 min read
125 words
2 views
- The Nigerian National Petroleum Corporation recorded a total loss of N127.73bn between January and August this year, its latest group financial report released on Wednesday showed.
- The report for the month of August, however, indicated that the national oil firm reduced its losses to N11.22bn in the month compared to the N24.18bn recorded in July.
- It added that the largest single loss of N76.33bn came from the corporation’s headquarters during the eight-month period, adding that the total loss by the country’s refineries during the same period was N48.69bn.
- The report showed that from January to August, the NNPC recorded a total expense of N1.14tn, against a total revenue of N1.02tn.
- Read More From Punch