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Tag: nnc

  • N49.68bn spent on pipeline repairs in 10 months – NNPC

    N49.68bn spent on pipeline repairs in 10 months – NNPC

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    by

    Femi Ajasa
    in ,

    The Nigerian National Petroleum Corporation (NNPC) spent almost N50bn to repair and manage pipelines in 10 months. The NNPC’s latest monthly report showed that a total of 363 vandalised points were recorded from January to October 2020. The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March;…

  • NNPC spends N774m daily on petrol subsidy – Baru

    NNPC spends N774m daily on petrol subsidy – Baru

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    by

    Femi Ajasa
    in ,

    The Nigerian National Petroleum Corporation on Sunday announced that it currently spends N774m daily as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country everyday. Although it described the amount as “under-recovery,” the oil firm stated that the huge fund was due to the proliferation of filling stations in communities…