The monthly Financial and Operations Report (MFOR) released by the Nigeria National National Petroleum Corporation (NNPC) on Sunday showed that the national oil company’s operating revenue in April 2021 increased by 17.73percent amounting to N534.61 billion “The NNPC Group operating revenue in April 2021, as compared to March 2021, increased by 17.73 percent or N80.67 billion to stand at N535.61bn,” the report stated. “Similarly, expenditure for the month increased by 17.24percent of N72.34billion to stand at N492 billion, while expenditure as a proportion of revenue stood at 0.92, same as last month.” It also revealed that the corporation recorded a trading surplus of N43.57 billion in April, representing a 23.64 percent increase over the N35.24 billion surplus it recorded in the previous month of March.
Source: https://gazettengr.com/nnpc-revenue-jumped-to-n535-billion-in-april-report/