The Nigerian National Petroleum Corporation on Wednesday announced a trading deficit of N9.53bn for March 2020, which stood out as the oil firm’s first operational loss since October 2018.
Findings showed that the last time the corporation posted a deficit was in October 2018, when the corporation recorded a cumulative loss of N12.66bn.
It sustained this in 2019, as it posted N15.04bn, N16.72bn, N11.72bn, N5.6bn, N6.33bn and N3.92bn surpluses in the months of January, February, March, April, May and June respectively.
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