The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.23billion in October 2019.
This represented an increase of 54 per cent compared to N8.59 billion surplus posted in September 2019.
This was disclosed in its Monthly Financial and Operation Report (MFOR) for the month of October released recently.
The report reflected the sustained streak of positive results in the operations of the National Oil Company. It added that the September 2019 trading surplus of N8.59 billion in turn indicated a significant increase of 65 per cent compared to the N5.20billion surplus posted in August 2019.
The report noted that the August surplus also beat the N4.26billion surplus posted in July 2019, reflecting an increase of 22 per cent.
The report revealed that the October surplus was largely due to the improved trading surplus posted by its Upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).
