Federal Gov’t Covers Petrol Sale At Half Price Of Landing Cost — NNPCL …C0NTINUE READING HERE >>>
The Chief Financial Officer (CFO) of the Nigeria National Petroleum Company Ltd (NNPCL), Alhaji Umar Ajiya has revealed that the government pays the company to sell Premium Motor Spirit (PMS) at half the landing cost, referring to this as a shortfall.
Ajiya provided this clarification on Monday in Abuja while presenting the company’s 2023 full-year result, where it recorded profits of N3.3 trillion.
The CFO also stated that NNPC Ltd. has solely been managing the shortfall in Premium Motor…
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