The Nigerian National Petroleum Corporation has announced a trading surplus of ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October 2020.
According to the November 2020 edition of the NNPC Monthly Financial and Operations, released by the Group General Manager, Group Public Affairs Division of the Corporation, Kennie Obateru, the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review.
The report indicates that in November 2020, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02% or ₦900 million to stand at ₦423.08 billion, as similar expenditure for the month decreased by 1.16% or N4.81billion to stand at N409.65billion leading to the ₦13.43billion trading surplus.
