The Nigerian National Petroleum Corporation (NNPC) has recorded a total loss of N255.28bn, from January to November 2015 as against N240.98bn which it recorded from January to October in the same year, The Punch reports.
From the analysis of the corporation’s financial report for October and November 2015 showed a difference of N14.3bn between the two months. The NNPC has also made dollar payments amounting to $607.8m to the Federal Accounts and Allocation Committee from January to November 2015 as seen from her latest financial report.
For the Naira payments to the Federal Government, the corporation said, “The sum of N933.1bn for domestic crude oil and gas and other receipts was paid to the Federation Account from January to November 2015.”
On the performance of refineries, Warri Refining and Petrochemical Company, Port Harcourt Refining Company and Kaduna Refining and Petrochemical Company the report stated that the total crude processed by the three facilities for the month of November 2015 was zero.
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