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NNPC records $120.49m crude oil receipt in September

Adewale Nurudeen

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THE Nigerian National Petroleum Corporation (NNPC) on Sunday announced a total export receipt for crude oil and gas valued at $120.49 million for September 2020.

THE Nigerian National Petroleum Corporation (NNPC) on Sunday announced a total export receipt for crude oil and gas valued at $120.49 million for September 2020.

A statement by the Group General Manager, Group Public Affairs Division of the corporation, Dr. Kennie Obateru, said the figure was in the September 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR).

The $120.49 million crude oil and gas export receipt is a 16.28 per cent improvement on the $100.88 million posted in August 2020.

The report showed that proceeds from crude oil amounted to $85.40 million while gas and miscellaneous receipts stood at $25.31 million and $9.78 million.