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NNPC Reports N234.63Bn Revenue From Refined Products’ Sales In March

The Nigerian National Petroleum Corporation (NNPC) has reported that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), generated N234.63 billion revenue from the sale of white products in the month of March 2021, representing a 24.7% increase from the N188.15billion revenue recorded from products’ sales in the previous month. The figures were contained in […]

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NNPC Reports N4.26Bn Trading Surplus In July

The Nigerian National Petroleum Corporation (NNPC) has reported an improved trading surplus of N4.26 billion in July as against the N3.92 billion surplus posted in the preceding month, representing a N34 million or 3.62 percent month-on-month increase. These figures were contained in the corporation’s July, 2019 Monthly Financial and Operations Report (MFOR), which also reflected […]

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PPMC Reports N32Bn Profit, 170Mn Litres Of Petrol Stock

The Managing Director of the Petroleum Products Marketing Company Limited, (PPMC), Umar Ajiya, disclosed that the company had returned to profitability with a trading surplus of N32 billion between January and November 2018. This is even as he disclosed that the company, through the implementation of the Nigerian National Petroleum Corporation’s (NNPC’s) zero-scarcity strategy, had […]

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NNPC’s Subsidy Payments Up N834.5Bn In Nine Months

The Nigerian National Petroleum Corporation (NNPC) may have spent about N835 billion higher on petroleum subsidy in the first nine months of this year than it did last year based on imported products’ data provided by the Petroleum Products Marketing Company (PPMC) and the Department of Petroleum Resources. The official data provided by the two […]