Nigeria’s NNPC turns tide on losses
Nigeria A TANKER OFFLOADING PRODUCTS AT ATLAS COVE DEPOT
NNPC revealed the turnaround – credited to its cost-cutting programme – in audited accounts published late last week.
The accounts also showed a slight fall in revenue to around USD 12 billion for the year.
A report from Bloomberg speculated that thanks to the ongoing cost-cutting measures, the NOC could turn a profit in 2020 despite the global drop in oil demand.
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