(AFS)

The Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement (AFS).

It shows 99.7 percent reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019.

The publication comes five months after NNPC made its 2018 AFS public.

NNPC spokesman, Kennie Obateru, in a statement on Thursday quoted the Chief Financial Officer, Umar Ajiya, as saying that the 2019 statement will be published on the corporation’s website for transparency.

Read Also: NNPC Almost Out Of Red Zone, Cuts Losses By 99.7%

He said this was in line with the principles of the Extractive Industries Transparency …