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

    NYSC Reforms: Groups Lauds Management

    ...clarifies earlier statement on protest The Conference of United Opposition Political Parties in Nigeria...
    News

    CSO Urges Tinubu to Reconsider Aisha Garba’s UBEC Appointment

    ..Calls for Leadership Aligned with Educational Competence and Institutional Integrity The Centre for Civil...
    News

    Councillor rehabilitates two abandoned Kogi community borehole

    Gbenga Odogun Lokoja The Councillor representing Enjema Ward 3 in Ankpa Local Government Area of...
    News

    SOLUDO BANS INTERNAL AWARDS BY GOVERNMENT AGENCIES OR ITS AFFILIATES

    Following a due directive by Mr Governor, Prof. Chukwuma Charles Soludo, CFR, please be...

    More like this

    News

    NYSC Reforms: Groups Lauds Management

    ...clarifies earlier statement on protest The Conference of United Opposition Political Parties in Nigeria...
    News

    CSO Urges Tinubu to Reconsider Aisha Garba’s UBEC Appointment

    ..Calls for Leadership Aligned with Educational Competence and Institutional Integrity The Centre for Civil...
    News

    Councillor rehabilitates two abandoned Kogi community borehole

    Gbenga Odogun Lokoja The Councillor representing Enjema Ward 3 in Ankpa Local Government Area of...

    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