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Nairaland Forum / Nairaland / General / Business / NNPC Records ₦17.16bn Trading Surplus (4083 Views)
NNPC Records 37.21% Drop In Oil Pipeline Vandalism In January / NNPC Records 80.12% Increase In Trading Surplus In December / NNPC Declares Trading Surplus Of N6.33 Billion In May (2) (3) (4)
NNPC Records ₦17.16bn Trading Surplus by londonrivals: 7:22am On Sep 21, 2018 |
The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial and Operations Report for April, 2018. The report, the 33rd edition since NNPC commenced the publication of its financial and operations report on a monthly basis as part of efforts to instill a culture of transparency and keep stakeholders and the general public informed of its activities, indicated a ₦5.43bn improvement representing 46.29 per cent on the trading surplus recorded in the previous month of March, 2018. According to the report released today, in Abuja, the trading surplus was achieved through a combined higher performance by the upstream, midstream (refineries) and downstream sectors as well as a reduction in Corporate Headquarters’ operational expenditure. “This enhanced performance is attributable to robust revenues from sales of crude oil and petroleum products by NPDC and PPMC as well as the upsurge in refineries’ performance, particularly in the Port Harcourt Refining Company (PHRC)”, the report stated. On the gas production and supply front, the report indicated that the average daily production for April, 2018, stood at 8,054.46 billion cubic feet (bcf), out of which an average of 835.27 million metric standard cubic feet (mmscf), equivalent of 3,283 megawatts of electricity, was supplied to the power sector daily during the period under review. “The result when compared with that of April, 2017, implies an increase of 496mw of power generated relative to same period last year”, the report stated. It further showed that in the period under review, a total of 1.61 billion litres of Premium Motor Spirit (petrol) was supplied by NNPC in furtherance of the zero fuel queue policy of the Federal Government. The NNPC said it recorded a 48.21 per cent reduction in the rate of pipeline vandalism which fell to 166 from 224 vandalized points in the previous month. According to the report, the Aba-Enugu pipeline segment accounted for 78 vandalized points, representing 84.78 per cent of total vandalized points on the nation’s network of products pipelines. http://www.metronaija.ng/nnpc-records-%e2%82%a617-16bn-trading-surplus/ 1 Like |
Re: NNPC Records ₦17.16bn Trading Surplus by excomarow(m): 7:42am On Sep 21, 2018 |
FTC. I dedicate this to all supporters of Buhari and APC. We shall conquer in every elections, both state and federal in 2019. God Bless You God bless Nigeria 4 Likes 1 Share |
Re: NNPC Records ₦17.16bn Trading Surplus by fedora04: 7:42am On Sep 21, 2018 |
Bottom line WATS the effect on us? 7 Likes |
Re: NNPC Records ₦17.16bn Trading Surplus by Pergrace: 7:43am On Sep 21, 2018 |
3 Likes |
Re: NNPC Records ₦17.16bn Trading Surplus by IMASTEX: 7:43am On Sep 21, 2018 |
Increase that figure with 200%. You might be close to the real figure. . .This is Nigeria! fedora04:Good question. 4 Likes |
Re: NNPC Records ₦17.16bn Trading Surplus by Nobody: 7:45am On Sep 21, 2018 |
WHAT IF ITS HIGHER? They expect you to believe their assertions but have rejected all efforts to conform with the FOI act (Freedom of information) that even falana requested early this year as the law stipulated. https://independent.ng/group-drags-nnpc-gmd-court-violating-foi-act/amp/ 2 Likes |
Re: NNPC Records ₦17.16bn Trading Surplus by excomarow(m): 7:45am On Sep 21, 2018 |
There is transparency in this government. God Bless PMB God Bless Nigeria 8 Likes 1 Share |
Re: NNPC Records ₦17.16bn Trading Surplus by N0favors: 7:45am On Sep 21, 2018 |
But with all these money, why Buhari still dey borrow upandan? Booharee na ‘omo oju o’róla ri’ owo’magò, ómòale, akotileta, arun’gun 5 Likes |
Re: NNPC Records ₦17.16bn Trading Surplus by Nbote(m): 7:45am On Sep 21, 2018 |
Behind all these figures and reports, we know say there is still enough fraud in d NNPC.. I expected dem to include how much fuel our refineries refined and supplied |
Re: NNPC Records ₦17.16bn Trading Surplus by rozayx5(m): 7:46am On Sep 21, 2018 |
fedora04: You get to see more brand new range rovers at lekki toll gate 2 Likes |
Re: NNPC Records ₦17.16bn Trading Surplus by DaV8King(m): 7:47am On Sep 21, 2018 |
Will this positively affect NNPC's returns to FAAC? 1 Like
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Re: NNPC Records ₦17.16bn Trading Surplus by rosalieene(f): 7:49am On Sep 21, 2018 |
Independent Distributors needed for a bread bakery/ factory within Iba, Ojo Lagos and its environs. kindly contact this numbers: 08033259718, 07018622407 or 08100833389 1 Like |
Re: NNPC Records ₦17.16bn Trading Surplus by Butterflyleo: 7:50am On Sep 21, 2018 |
fedora04: Bottom line, the effect on us comes through consistency of these outputs. So it would be in your best interest to desire for more of this as such surpluses would go back into economic development thus affecting you positively. |
Re: NNPC Records ₦17.16bn Trading Surplus by Nukilia: 7:52am On Sep 21, 2018 |
Propaganda |
Re: NNPC Records ₦17.16bn Trading Surplus by Buharimustgo: 7:52am On Sep 21, 2018 |
Lies,Lies and Lies from Lauretta Onochie group AKA Ngeneukwu of Nairaland. NgeneUkwu please show us that Jos-Kaduna express way again? 1 Like 1 Share |
Re: NNPC Records ₦17.16bn Trading Surplus by Buharimustgo: 7:53am On Sep 21, 2018 |
excomarow: What is Transparency? |
Re: NNPC Records ₦17.16bn Trading Surplus by aolawale025: 7:53am On Sep 21, 2018 |
Oh great!! |
Re: NNPC Records ₦17.16bn Trading Surplus by Nobody: 7:54am On Sep 21, 2018 |
Would the surplus be accounted for? Or buhari's son go carry am go buy bike in the name of 'profit too much' |
Re: NNPC Records ₦17.16bn Trading Surplus by positivethought: 7:55am On Sep 21, 2018 |
londonrivals:Yet with all this bogus claims of enormous revenue generation n so call funds recovery this government keep globe trotting borrowing! a clear case of voodoo politico-economics. |
Re: NNPC Records ₦17.16bn Trading Surplus by chrisxxx(m): 7:56am On Sep 21, 2018 |
Chewing gum balance. Wayo. |
Re: NNPC Records ₦17.16bn Trading Surplus by Lateef3(m): 7:57am On Sep 21, 2018 |
Not Bad! |
Re: NNPC Records ₦17.16bn Trading Surplus by joeyswift(m): 7:58am On Sep 21, 2018 |
We are recording surplus on paper and yet we are still borrowing
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Re: NNPC Records ₦17.16bn Trading Surplus by excomarow(m): 7:58am On Sep 21, 2018 |
Esseite: At least they have brought out the figures on like previous administration. |
Re: NNPC Records ₦17.16bn Trading Surplus by MimiShopping: 7:59am On Sep 21, 2018 |
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Re: NNPC Records ₦17.16bn Trading Surplus by iykeism(m): 8:00am On Sep 21, 2018 |
am getting tired of this surplus that is not reflecting in the economy. we have had to many surplus from various agencies, cooporations, ministry etc to still be outsourcing. my thought : this is just mere say to win the heart of Nigerians and it is clear evil. |
Re: NNPC Records ₦17.16bn Trading Surplus by excomarow(m): 8:00am On Sep 21, 2018 |
joeyswift: When PDP had enough, what did they do with the money when crude oil was $100 and above per barrel |
Re: NNPC Records ₦17.16bn Trading Surplus by Nobody: 8:00am On Sep 21, 2018 |
excomarow: But claim to pay a subsidy three times the previous administration? |
Re: NNPC Records ₦17.16bn Trading Surplus by Thebwoy: 8:03am On Sep 21, 2018 |
Money wey eye no d see Is that one money |
Re: NNPC Records ₦17.16bn Trading Surplus by Krafty006: 8:04am On Sep 21, 2018 |
Nnpc and money matters are inseparable .
need a free pair, send shoes to 0818-166-3616 on watsapp |
Re: NNPC Records ₦17.16bn Trading Surplus by legibow: 8:06am On Sep 21, 2018 |
Is that true, then why haven't you increase minimum wage and NYSC allawee ... I await ur quick reply.... |
Re: NNPC Records ₦17.16bn Trading Surplus by excomarow(m): 8:07am On Sep 21, 2018 |
Esseite: Bla, bla, bla Still better than the previous... |
Re: NNPC Records ₦17.16bn Trading Surplus by Adalberto(m): 8:09am On Sep 21, 2018 |
God punish Nigeria Punish all our leaders I've negotiated with God that if there is anything like nxt life, he shouldn't bring me back to Nigeria Big for nothing country Very useless |
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