NNPC explains reason for delayed payment to fuel importers

The CEO of NNPC Limited, Mele Kyari in a recent interview has said that the Company deferred payment to fuel importers, due to Nigeria’s falling crude revenues.

Kyari noted that the fuel trading companies NNPC has deferred payments to are: Vitol, Total, Sahara Group, and Oando. 

Kyari noted that the fuel trading companies NNPC has deferred payments to are: Vitol, Total, Sahara Group, and Oando. 

Source: NNPC explains reason for delayed payment to fuel importers – StocksWatch (stocksng.com)

Related Posts

05

Nov
Market Update

Stock market extends down trend by 0.72%

It was yet another bearish session on the floor of the Nigerian stock market on Tuesday as downtrend extended on profit taking by investors. The All Share Index dropped by 0.72% to close at 152,629.60 points from the previous close of 153,739.11 points. The Market Capitalisation declined by 0.63% to close at N96.971 trillion from the previous […]