Ike Amos Abuja — The Nigerian National Petroleum Corporation’s, NNPC, downstream subsidiary, the Petroleum Products Marketing Company, PPMC, earned N222.929 billion from the sale of petroleum products in the country in January 2019. According to data obtained from the NNPC Monthly Financial and Operations Report for January 2019, the PPMC earned N221.759 billion from the
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Ike Amos Abuja — The Nigerian National Petroleum Corporation’s, NNPC, downstream subsidiary, the Petroleum Products Marketing Company, PPMC, earned N222.929…
Kachikwu accused some marketers of illegally maximising profit by diverting fuel meant to be supplied in Nigeria.
Adio said the payments were traced to NNPC accounts by its independent auditors but there was no trace of its remittance to the Federation Account as required by the Constitution.
North America’s crude oil import from Nigeria increased from 5.9 million barrels in October to 13.1 million barrels in November 2016. The North America countries, which include Canada, Panama and United States Atlantic Coast, imported a total of 111 million daily between January and November 2016.
The downward trend in the cases of pipeline sabotage, according to the report, was due to sustained engagements with stakeholders by the Federal Government and Corporation.
16 June 2016, Abuja – Nigeria now earns maximum value from the petroleum products it put through a new framework –…