The auditors of NNPC have raised doubts over the inability of the Corporation to continue as a going concern following rising and humongous losses.
NNPC has stated that it reduced its loss by 99.8% in 2019.
FG, following its estimation claims alternatives to petrol, could be much cheaper.
The NNPC boss disclosed that plans were underway to end the oil-for-fuel swap system in the nearest future.
There are many opportunities to realize enormous revenue and Jobs from the services sector otherwise known as the soft economy.
The Minister has clarified that the new PIB seeks to commercialize the NNPC rather than scrap it.
The President has recommended the scrapping of the NNPC and PPPRA in the new PIB submitted to the National Assembly.
The NNPC has mandated local oil companies to improve capacity to so as to reduce oil production cost.
NNPC and SEEPCO have signed a gas development and commercialization deal.
The swap deal with these companies supplies a huge portion of Nigeria’s petroleum products.