The group operations of the Nigerian National Petroleum Corporation, NNPC, recorded a cumulative loss of N411.1 billion in 21 months between January 2015 and September 2016, the Nigerian Extractive Industries Transparency Initiative, NEITI, has stated.
In report, the agency said its review of the NNPC’s monthly financial and operational reports show that the national oil company earned marginal profits in only two months during the period under review.
In report, the agency said its review of the NNPC’s monthly financial and operational reports show that the national oil company earned marginal profits in only two months during the period under review.
