The operating revenue of Nigerian National Petroleum Corporation (NNPC), after subsidy for September and October has hit N304.18 billion, according to its monthly financial report.
Besides, the Pipelines and Product Marketing Company (PPMC) realised N514.04 billion revenue from sale of white products from January to October this year.
Specifically, the group recorded operating revenue of N130.62 billion and N173.56 billion after subsidy for the months of September and October 2015 respectively representing 42.69 per cent and 56.72 per cent respectively of its monthly budget.
The NNPC disclosed that operating expenditure for the same period were N177.12 billion and N185.78 billion respectively, which also represents 66.31 per cent and 69.55 per cent respectively of budget for the months.
The company however, recorded operating deficits of N46.49 billion and N12.21 billion for September and October 2015 respectively and this was attained as against monthly budgeted surplus of N38.91billion.
