The Nigeria National Petroleum Corporation has announced a trading surplus of ₦43.57bn for April 2021.Speaking about its monthly Financial and Operation Report, it reported a trading surplus of ₦43.57bn in April 2021, representing a 23.64 per cent increase over the ₦35.24bn surplus it recorded in the previous month of March 2021.
Trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue for the period under review. According to the report, the NNPC Group operating revenue in April 2021, as compared to March 2021, increased by 17.73 per cent or N80.67bn to stand at N535.61bn. The NNPC Chief Financial Officer, Umar Ajiya, explained that the sustained publication of the monthly report is in consonance with the letters and spirit of the Transparency, Accountability and Performance Excellence management philosophy of the Group Managing Director of NNPC, Mele Kyari.
Source: Digital Coin News (digitalcoinnews.net)
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