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

    Opinion

    Ben Okezie Kalu: The Lawmaker in Our Hearts

    By Kassim Omomia We have watched Ben Okezie Kalu the deputy speaker of the House...
    News

    Civil Society Situation Room Rates NNPC GCEO High on Performance

    ***Lauds Reforms on Transparency, Improved Crude Production The Coalition of Civil Society for Transparency...
    News

    Banditry: Christian clerics, others call for arrest of Bafarawa, Yerima over killings in north West

    A group of inter-faith religious leaders from northern Nigeria, styling themselves as the Concerned...
    Business

    Debt service gulps 72% FG revenue in seven months – Report

      The Federal Government spent nearly three-quarters of its total revenue on debt servicing in...

    More like this

    Opinion

    Ben Okezie Kalu: The Lawmaker in Our Hearts

    By Kassim Omomia We have watched Ben Okezie Kalu the deputy speaker of the House...
    News

    Civil Society Situation Room Rates NNPC GCEO High on Performance

    ***Lauds Reforms on Transparency, Improved Crude Production The Coalition of Civil Society for Transparency...
    News

    Banditry: Christian clerics, others call for arrest of Bafarawa, Yerima over killings in north West

    A group of inter-faith religious leaders from northern Nigeria, styling themselves as the Concerned...

    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