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Petroleum Products Marketing Company

28 Jun 2019
The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja warned marketers and other players in the downstream sector to desist from activities that could create scarcity of petroleum products in the country. Group Managing Director of the corporation, Dr. Maikanti Baru, who gave the warning at the launching of Petroleum Products Marketing Company (PPPMC) Business…
18 Mar 2019
The Nigerian National Petroleum Corporation (NNPC) last year recorded a trade surplus of N80.57 billion. However, a deficit of N5.46 billion was posted for January and August. All of these came as cases of pipeline vandalism rose to 2,048 nationwide during the period. The corporation’s Financial and Operations Report for 2018 indicated that the nefarious…
16 Jan 2019
The Nigerian National Petroleum Corporation (NNPC) has expressed worry over what it described as increasing incidents of pipeline vandalism across the country. According to the corporation, in October 2018, its pipeline network suffered a 42.9 per cent increase in vandalism compared to the previous month during the year. Giving a breakdown of the incidents of…
15 Aug 2018
In line with the Federal Government’s aspirations to increase local consumption of Liquefied Petroleum Gas (LPG) in the country, Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has disclosed plans by the government to remove the existing value added tax (VAT) on LPG sourced locally. The company’s Executive Director,…
10 Nov 2017
The Petroleum Products Marketing Company (PPMC) has insisted that the $205,203,891.09 it received from Duke Oil was for products traded.The PPMC Managing Director, Mr. Umar Ajiya, who stated this in Abuja yesterday, said the products were traded from January 2016 to September 2017.

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