Friday, July 25, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

NNPC admits $6bn debt to petrol suppliers

... reiterates its dedication

Adejayan Gbenga Gsong by Adejayan Gbenga Gsong
September 1, 2024
in National
Reading Time: 1 min read
0 0
A A
0
NNPCL - Mele Kyari
Share on FacebookShare on Twitter
  • The debt which has risen to $6 billion has seen suppliers reduce the volume given to the Nigerian national oil company
  • The short in supply has led to a six-week long petrol scarcity across the country

The Nigerian National Petroleum Company Limited, NNPC Limited, on Sunday admitted that it was owing its petrol suppliers a substantial amount.

WITHIN NIGERIA learnt that the debt which has risen to $6 billion has seen suppliers reduce the volume given to the Nigerian national oil company. The short in supply has led to a six-week long petrol scarcity across the country.

The company’s Chief Communications Officer, Mr Olufemi Soneye in a statement said the debt has posed a significant financial strain on NNPC operations

“NNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.

READ ALSO

PDP announces date for National Convention

Your threat ‘a waste of time’, You can’t stop me from visiting Edo, I’ll return: Peter Obi replies Gov Okpebholo

FULL LIST: LPPC pencils 57 for Senior Advocate of Nigeria rank

Nigerian Army orders probe into troops’ complaints of abysmal meal

“In line with the Petroleum Industry Act (PIA), NNPC Ltd remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide”, he stated.

POPULAR TODAY

    • All
    • National
    • Local News
    • Politics
    • World News
    • Sports
    • XTRA

    Ex-Gov Aliyu warns PDP against embracing ‘nomadic politicians’

    July 24, 2025
    Death

    Gombe: Teenager stabs friend to death during argument

    July 24, 2025
    Hulk Hogan

    WWE legend Hulk Hogan is dead

    July 24, 2025

    Ex-presidential candidate Hashim returns to PDP, declares party Nigeria’s best hope in 2027

    July 24, 2025

    Discussion about this post

    ADVERTISEMENT
    NEWS PICKS — WITHIN NIGERIA

    WITHIN NIGERIA MEDIA LTD.

    NEWS, MULTI MEDIA

    WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

    Follow us on social media:

    CORPORATE LINKS

    • About
    • Contacts
    • Report a story
    • Advertisement
    • Content Policy
    • Privacy Policy
    • Terms
     
    • Fact-Checking Policy
    • Ethics Policy
    • Corrections Policy
    • REPORT A STORY
    • PRIVACY
    • CONTACT US

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • HOME
    • FEATURES
    • NEWS PICKS
      • BREAKING
      • National
      • Local News
      • Politics
      • Diaspora
      • Business
      • Education
      • Sports
      • World News
        • Africa
        • U.S
        • Asia
        • Europe
      • XTRA
    • ENTERTAINMENT
    • MORE
      • GIST
      • ARTICLES
      • VIDEOS

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName