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

    Egypt 2025: Flying Eagles’ll be more composed against South Africa, says Zubairu 

      BY TONY UDOKA Flying Eagles’ Head Coach, Aliyu Zubairu has assured that his wards will...
    News

    UBEC introduces new template for disbursement of UBE funds

        BY NGOZI A. NWANKWO   Universal Basic Education Commission (UBEC), on Tuesday, said it will unveil...
    News

    Take advantage of Measles-Rubella Vaccine, Oborevwori urges parents, caregivers

      FROM UGHENI MATTHEW, ASABA     Wife of the Delta State Governor, Deaconess Tobore Oborevwori, has flagged-off...
    News

    UNILORIN Secures 100% NUC Accreditation

    By Olufemi Oni, Ilorin The University of Ilorin has again recorded another feat by securing...

    More like this

    News

    Egypt 2025: Flying Eagles’ll be more composed against South Africa, says Zubairu 

      BY TONY UDOKA Flying Eagles’ Head Coach, Aliyu Zubairu has assured that his wards will...
    News

    UBEC introduces new template for disbursement of UBE funds

        BY NGOZI A. NWANKWO   Universal Basic Education Commission (UBEC), on Tuesday, said it will unveil...
    News

    Take advantage of Measles-Rubella Vaccine, Oborevwori urges parents, caregivers

      FROM UGHENI MATTHEW, ASABA     Wife of the Delta State Governor, Deaconess Tobore Oborevwori, has flagged-off...

    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