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The Nigerian National Petroleum Corporation has recorded a trading surplus of N43.57bn in April 2021. This showed a 23.64 per cent increase when compared with the N35.24bn surplus posted in the preceding month of March 2021. It disclosed this in a statement issued in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru. Trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue for the period under review. NNPC stated that the surplus was contained in its April 2021 report, adding that its group operating revenue in the review month, as compared to March 2021, increased by 17.73 per cent or N80.67bn to stand at N535.61bn. Similarly, expenditure for the month increased by 17.24 per cent or N72.34bn to stand at N492.05bn. The report attributed the rise in trading surplus to the activities of the corporation’s upstream subsidiary – the Nigerian Petroleum Development Company – such as crude oil lifting from OML 119 (Okono Okpoho) and OMLs 60, 61, 62, 63 (Nigerian Agip Oil Company), as well as increase in gas sales. NNPC said the outlook was further consolidated by the robust gains of two other subsidiaries namely, Duke Oil and National Engineering and Technical Company.