The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020.
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Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The Nigerian National Petroleum Corporation (NNPC) yesterday announced sales proceeds of N1.95 trillion from white products, mainly petrol, between October 2019 and the same period in 2020.
However, THISDAY’s checks showed that compared with the same period between October 2018 and October 2019, revenues from the sale of white products fell by at least N700 billion from N2.64 trillion in the preceding 12 months to N1.95 trillion from October 2019 to October 2020.
But on a month-to-month period, October 2020 recorded a higher revenue stream from white products sales with N158 billion while October 2019 had N125.17 billion.
While a total sum of N143.4 billion was made on the sale of white products by the Petroleum Products Marketing Company (PPMC) in October 2019, compared to N125.17 billion sales in September 2019, total revenues generated from sales of white products between October 2018 and October 2019 stood at N2.64 trillion w
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from the sales of white products in the month of October 2020 representing 92% increase over the ₦80.15 billion sales in September 2020.
A press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure is contained in the October 2020 edition of the NNPC Monthly Financial and Operations Reports (MFOR).
The report indicates that total revenues generated from the sales of white products for the period October 2019 to October 2020 stood at ₦1.95 trillion, with Premium Motor Spirit (PMS) accounting for about 99.07% of the total sales with a value of over ₦1. 9 trillion.