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…
Ike Amos 20 September 2018, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a significant improvement in…
“The report on the commencement of the Railway Equalization has been completed, and we are ready to go. All that remains now is for the Board to meet and work out the details and approve the report.”
“The NNPC Act is a law on itself and the National Assembly is the one responsible for enacting laws, so, if there is any remedy or solution; as one of the senators, the issue is look into the Act establishing these entities; NNPC,CBN etc.”
The PPMC boss called on marketers to desist from hoarding and diversion of petroleum products to neighbouring countries, stressing that the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.
Details of the transactions contained in the October 2017 edition of the Monthly NNPC Operations and Financial Report also indicated that 252.83 billion cubic feet of gas was supplied in the country within the period.
“It is an undisputable fact that DAPPMA members have paid for petrol supply (with bank funds) for over one month, the value of which is in excess of N90bn, yet PPMC/NNPC had no cargo to allocate to them.”
“Sadly, some people have blamed marketers for hoarding products. Unfortunately, this is far from the truth. Hoarding is regarded as economic sabotage and we assure all Nigerians that our members are not involved in such illicit act.
Nipco commended NNPC Management as well as that of its subsidiary company, Petroleum Products Marketing Company (PPMC) for boosting petroleum products supplies, disclosing that Nigerians would soon feel the impact of NNPC intervention immediately.