NNPC pays N153.01bn into federation account in January vanguardngr.com vanguardnews
The Nigerian National Petroleum Corporation, NNPC, Sunday, announced trade surplus of N15.04 billion for January 2019, an increase of 24 per cent over the N12.13 billion surplus posted by the corporation in December 2019.In a statement by its Group General Manager, Group Public Affairs Division, Mr.
The NPDC’s position, the NNPC noted, contrasted with the high expenditure levels posted by its two other entities, the Petroleum Products Marketing Company PPMC and Duke Oil, although both ended the month with profit. “In the downstream operations, 1,998.61 million litres of petrol was supplied into the country through the Direct-Sale-Direct-Purchase crude-for-product arrangement in January 2019. The number is slightly higher than the 1,789.20million litres of petrol supplied in the month of December 2018.”
“The Warri-River Niger axis accounted for 10 per cent and other locations accounted for the remaining 21 per cent of the pipeline breaks,” it added.
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