Africa Business Radio

The Nigerian National Petroleum Company has announced a huge leap in trading surplus of ₦141.96billion recorded in June 2021 compared to a deficit of ₦37.46billion in May 2021. The June 2021 figures of the NNPC Monthly Financial and Operations Report shows operating revenue as compared to May 2021, decreased by 9.07% or N89.27billion to stand at N894.64billion. Similarly, expenditure for the month decreased by 29.32% or N299.44billion to stand at N721.93billion. The report also noted that the increase in trading surplus was due mainly to the increased sales of crude oil and gas by the Nigerian Petroleum Development Company and the increased gas sales and depreciation postings by the Nigerian Gas Company.