NNPC: Oil Income Dropped by 45% in June via thisdaylive
The Nigerian National Petroleum Corporation has disclosed that earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019.
It equally explained that within the month under review, its under-recovery – a term it uses in place of subsidy payments for petrol consumption in the country, reduced from N102,338,409,727 in May to N30,637,245,949 in June. “A total export sale of $321.23 million was recorded in June 2019; a decrease of 44.65 per cent compared to the previous month,” said the report.
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