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

    African Union worried by US travel ban’s negative impact

    The African Union (AU) on Thursday said it was concerned about the consequences of...
    Uncategorized

    You’d have lost election without me, Musk replies Trump

    Elon Musk said President Donald Trump and congressional Republicans would have lost the 2024...
    News

    Trump bans visas for new foreign students at Harvard

    US President Donald Trump on Wednesday announced a ban on visas for foreign students...
    News

    Bodies of 14 African migrants discovered in Venezuela

    Authorities in northeastern Venezuela have discovered the bodies of 14 African migrants on a...

    More like this

    News

    African Union worried by US travel ban’s negative impact

    The African Union (AU) on Thursday said it was concerned about the consequences of...
    Uncategorized

    You’d have lost election without me, Musk replies Trump

    Elon Musk said President Donald Trump and congressional Republicans would have lost the 2024...
    News

    Trump bans visas for new foreign students at Harvard

    US President Donald Trump on Wednesday announced a ban on visas for foreign students...

    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