Got a tip? Call (777) 625-7647
Subscribe
Search
More
    HomeNewsPRESS RELEASENNPC Ltd Faces Financial Strain Due to PMS Supply Costs, Impacting Supply...

    NNPC Ltd Faces Financial Strain Due to PMS Supply Costs, Impacting Supply Sustainability

    PRESS RELEASE

    Published on

    Daily Newscraft

    PRESS RELEASE

    NNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.

    In line with the Petroleum Industry Act (PIA), NNPC Ltd remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.

    Olufemi Soneye
    Chief Corporate Communications Officer
    NNPC Ltd.
    Abuja

    1st September, 2024

    Latest articles

    News

    Editors Set Up Fact-Check Desks to Combat Fake News Ahead of 2027 Polls

      The Nigerian Guild of Editors (NGE) has resolved to establish fact-check desks in newsrooms...
    News

    Group Seeks Forensic Probe, Faults $18bn Claim On Refineries TAM

      A policy-focused civil society group, the Independent Media and Policy Initiative (IMPI), has demanded...
    News

    President Tinubu Hosts Class Of 1999 Governors In Aso Villa

      President Bola Tinubu hosted members of the 1999 class of governors at the Presidential...
    News

    States Can’t Slash Electricity Prices, NERC Warns Amid Enugu Tariff Dispute

      The Nigerian Electricity Regulatory Commission (NERC) has issued a stern warning to state electricity...

    More like this

    News

    Editors Set Up Fact-Check Desks to Combat Fake News Ahead of 2027 Polls

      The Nigerian Guild of Editors (NGE) has resolved to establish fact-check desks in newsrooms...
    News

    Group Seeks Forensic Probe, Faults $18bn Claim On Refineries TAM

      A policy-focused civil society group, the Independent Media and Policy Initiative (IMPI), has demanded...
    News

    President Tinubu Hosts Class Of 1999 Governors In Aso Villa

      President Bola Tinubu hosted members of the 1999 class of governors at the Presidential...

    MISSION STATEMENT
    To apply modern creative skills and techniques to provide efficient services to readers across the globe through a wide spread network of services, carefully crafted brilliant stories,features, analysis and investigations, under conducive working environment while posting delightful results to our shareholder

    VISION STATEMENT.
    To be a global media organisation of first choice for News, accurate information, public communication and enlightenment using a robust IT platform engineered by dedicated staff.

    Subscribe

    To get email updates from Today News.

    © Daily Newscraft 2022