The Nigerian National Petroleum Corporation (NNPC) on Wednesday says it recorded a trading surplus of N2.68 billion in May 2020, compared to the ₦30.81 billion deficit posted in April. “The NNPC report said the 109 per cent upturn in revenue this month is the cumulative result of improved performances by some of the corporation’s Strategic Business Units. “A further breakdown showed that Mosimi-Ibadan pipeline axis accounted for 38 per cent of the vandalized points while Atlas Cove-Mosimi axis recorded 19 per cent of the breaks. “Suleja-Kaduna logged 16 per cent of the breaks, while other locations make up for the remaining 27 per cent,” he said. He said PMS contributed about 98.84 per cent of the total sales with a value of ₦2,366.15 billion.

Source: Nigerian Tribune August 05, 2020 18:22 UTC