NNPC sustains losses, records N39.3bn deficit in four months

Written by on June 22, 2017

The monthly financial losses of the Nigerian National Petroleum Corporation since the beginning of 2017 continued in the month of April.

Figures from the firm’s latest oil and gas report showed that the NNPC Group lost a total of N39.3bn between January and April 2017.

The corporation’s deficit, which stood at N33.99bn in March 2017, increased by N5.3bn to close at N39.3bn in April.

Its group financial report by entity, however, showed that the NNPC reduced its losses from the N5.62bn recorded in March to N5.3bn in April.

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