We’ve Reduced Loss By 99.7% To N1.7bn, Says NNPC         The Nigerian National Petroleum Corporation says it has achieved 99.7 per cent reduction in its loss profile from N803bn in 2018 to N1.7bn in 2019. The corporation published its 2018 Audited Financial Statement five months ago. The corporation’s...

NNPC Releases 2019 Audited Financials, Declares N1.7bn Loss       The Nigerian National Petroleum Corporation, NNPC, Thursday, announced the release of its 2019 Audited Financial Statement, declaring a loss of N1.7 billion, representing a 99.7 per cent decline from a loss of N803 billion recorded in 2018. In...

The Ibadan Electricity Distribution Company (IBEDC) has been found wanting by an audit report in the management bailout fund for the electricity sector. The company is among the first of the two DisCos to get a loan of N11.36 billion from the N213bn NEMSF. Records showed...