NNPC records N24bn loss in February

The operational loss of the Nigerian National Petroleum Corporation grew from N3.55bn in January 2016 to N24.23bn at the close of business in February same year, latest figures from the firm’s financial report have shown.

According to the NNPC’s seventh publication of its monthly financial and operations report, the huge deficit was due to production shut-in occasioned by vandalism of Forcados