The Nigerian National Petroleum Corporation (NNPC) has revealed that it is running at a loss due to unrealized subsidy claims.
The government-run corporation in its August 2015 report revealed that it ran at a loss in July and August, losing N51.71bn and N60.67bn respectively.
The NNPC said the “monthly operational report is one of the initiatives of the corporation in its on-going restructuring efforts to ensure probity, transparency and accountability in the conduct of its business”.