NNPC loses N120bn in two months - Punch .

The Nigerian National Petroleum Corporation incurred a total loss of N120.07bn in the months of August and September, the latest NNPC Group financial report has shown.

According to the report, the corporation incurred losses of N60.67bn and N59.4bn in August and September, respectively.

It specifically stated that the national oil firm’s revenue in August was N146.617bn, while its expenses were put at N207.287bn.

In September, the corporation’s total expenses were N171.914bn, while its revenue for the same month was N112.514bn.
An analysis of the report showed that the Pipelines and Products Marketing Company, a subsidiary of the NNPC, incurred the highest amount of losses in the two months under review.

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