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The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021.

todayAugust 9, 2021 8

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The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021.
It disclosed this in a statement issued in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru.
Meanwhile, trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue for the period under review.
NNPC stated that the surplus was contained in its April 2021 report, adding that its group operating revenue in the review month, as compared to March 2021, increased by 17.73 per cent or N80.67bn to stand at N535.61bn.
Similarly, expenditure for the month increased by 17.24 per cent or N72.34bn to stand at N492.05bn.

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