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PPMC posts N32b surplus for 2018



A SUBSIDIARY of Nigerian National Petroleum Corporation (NNPC), the Petroleum Products Marketing Company Limited (PPMC), made a trading surplus of N32 billion between January and November 2018.
Managing Director of PPMC, Mr. Umar Ajiya, disclosed this development yesterday during an interactive session with House of Representatives Committee on Downstream Petroleum who were at NNPC Towers, Abuja as part of their oversight function.
According to him, to implement its zero-scarcity strategy, PPMC has over 170 million litres of Premium Motor Spirit (PMS) and other commodities in stock at NNPC depots nationwide.
This, he said, is to make petroleum products available to Nigerians throughout year ending festivities and beyond.

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