The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State.
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The Nigerian National Petroleum Corporation (NNPC) yesterday announced sales proceeds of N1.95 trillion from white products, mainly petrol, between October 2019 and the same period in 2020.
However, THISDAY’s checks showed that compared with the same period between October 2018 and October 2019, revenues from the sale of white products fell by at least N700 billion from N2.64 trillion in the preceding 12 months to N1.95 trillion from October 2019 to October 2020.
But on a month-to-month period, October 2020 recorded a higher revenue stream from white products sales with N158 billion while October 2019 had N125.17 billion.
While a total sum of N143.4 billion was made on the sale of white products by the Petroleum Products Marketing Company (PPMC) in October 2019, compared to N125.17 billion sales in September 2019, total revenues generated from sales of white products between October 2018 and October 2019 stood at N2.64 trillion w
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from the sales of white products in the month of October 2020 representing 92% increase over the ₦80.15 billion sales in September 2020.
A press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure is contained in the October 2020 edition of the NNPC Monthly Financial and Operations Reports (MFOR).
The report indicates that total revenues generated from the sales of white products for the period October 2019 to October 2020 stood at ₦1.95 trillion, with Premium Motor Spirit (PMS) accounting for about 99.07% of the total sales with a value of over ₦1. 9 trillion.
NNPC records 92% increase in sales of petroleum products in October…Increases gas supply to power plants by 8 60% nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.
TODAY
January 28, 2021
The Nigerian National Petroleum Corporation (NNPC) Thursday disclosed that it generated N1.95 trillion from the sales of petroleum products in 12 months, from October 2019 to October 2020.
The Corporation in a statement, yesterday, by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said premium motor spirit (petrol) accounted for about 99.07 percent of the total sales with a value of over N1.9 trillion.
NNPC said its downstream subsidiary, the Petroleum Products Marketing Company, PPMC, recorded a total of N158.04 billion from the sales of white products in the month of October 2020 representing 92 percent increase over the N80.15 billion sales in September 2020.