NNPC reports N267bn loss for 2015

The Nigerian National Petroleum Corporation (NNPC) recorded a loss of N267.14billion in 2015, the latest data from the group’s financial report for the month of December 2015 shows.

According to the report, the national oil firm lost N11.861billion in the month of December alone, down from the N14.29billion loss recorded in November.

Its gross revenue was put at N2.046trillion, while its expenses stood at N2.3trillion, leaving a loss of N267.138billion for the 2015 financial year.

The refineries continued their poor performance through the out 2015 with the three refineries posting a combined loss of N82.09billion in the period under review.

The Kaduna Refinery and Petrochemical Company lost N34.7billion, while Warri Refinery and Petrochemical Company and Port Harcourt Refining Company lost N24.308billion and N23.09billion, respectively.

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