Fuel scarcity: Issues behind looming petrol price hike …C0NTINUE READING HERE >>> On Sunday, 1st of September 2024, the Nigerian National Petroleum Company (NNPC) Limited prepared Nigerians for sleepless nights after releasing a terse statement conceding financial constraints, and as a result, cannot guarantee sustainable fuel supply across the country. Advertisement The statement released by … Read more
BREAKING: Fuel price hike looms as NNPC admits financial strain …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited has admitted to facing financial strain due to the cost of supplying Premium Motor Spirit (PMS), popularly known as fuel or petrol. TheNewsGuru.com (TNG) reports Olufemi Soneye, Chief Corporate Communications Officer of NNPC Limited … Read more
Atiku demands immediate listing of NNPC on stock exchange …C0NTINUE READING HERE >>> Former Vice President of Nigeria Atiku Abubakar has demanded the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the stock exchange in line with the Petroleum Industry Act. Atiku said this in reaction to the decision of the NNPCL … Read more
NNPC Limited’s new nomenclature for subsidy – By Pius Mordi …C0NTINUE READING HERE >>> By Pius Mordi When Muhammadu Buhari became president in 2015 he told Nigerians that subsidy for which Goodluck Jonathan was vilified when he sought a marginal increase in petrol pump price had been removed and effected a significant price increase, it … Read more
It is not subsidy, it is importation shortfall – NNPCL opens up …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company Limited (NNPC Limited) has disclosed it has not paid fuel subsidy to anybody in the last nine months. TheNewsGuru.com (TNG) reports Chief Financial Officer of NNPC Limited, Alhaji Umar Ajiya made the disclosure on … Read more
NNPC releases 2023 Audited Financial Statement …C0NTINUE READING HERE >>> The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 … Read more