The Nigerian National Petroleum Corporation (NNPC) has recorded a revenue drop of N14.32 billion in its group operating revenue for the month of May 2017, representing a 4.4 per cent decrease against its April revenue.
This is even as the corporation said it recorded only 55 incidents of pipeline vandalism in May 2017 as against 82 reported cases the previous month.
NNPC in its latest Financial and Operations Report for the month of May released in Abuja yesterday, indicated that the group’s operating revenue for April was N322.19 billion while the May revenue stood at N307.87 billion.
The corporation disclosed that the April and May revenue figures represent 87.62 per cent and 83.72 per cent respectively of monthly budget, adding that operating expenditure for the same periods were N327.47 billion and N311.42 billion respectively, which also represents 103.09 per cent and 98.04 per cent of budget for the months respectively.
