Weeks After N3.3 Trillion Net Profit, NNPC Admits to Financial Strain Over PMS Supply Costs

A few weeks after declaring a net profit of N3.3 trillion in the 2023 financial year, with a purported increase of over N700 billion (28 per cent), the Nigerian National Petroleum Company Ltd (NNPC), has announced it is under intense financial pressure with huge debt owed to petrol suppliers, and unprecedented pressure in sustaining fuel … [Read more…]









