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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 rev...

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 o...

TODAY January 28, 2021 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...

By Prince Okafor The Nigerian National Petroleum Corporation, NNPC, Thursday, said its downstream subsidiary, Petroleum Products Marketing Company, PPMC, recorded a total of N158.04 billion from the sales of white product in the month of October 2020. This is an increase of 92 percent, when compared to N80.15 billion recorded on the previous month of the same year. White products include Premium Motor Spirit, PMS, also known as petrol, Dual Purpose Kerosene, DPK, and Automotive Gas Oil, also known as diesel. According to the corporation’s October 2020 edition Monthly Financial and Operation...

Between September 2019 and September 2020, Nigeria spent over N75.23 billion on repairs and maintenance of leaking pipelines carrying crude oil from wells |