Wednesday, April 22, 2026
28 C
Lagos

Again, NNPC Cautions Against Panic Buying, Says 30-Days PMS Sufficiency Intact

As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product.

In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other States.

The company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.

The NNPC is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome practices.

spot_img
spot_img
spot_img

Hot this week

QEDNG Summit 2026 Set for August 11 in Lagos

The QEDNG Creative Powerhouse Summit will hold its second edition on...

NLNG MD, Adeleye Falade, Commends Rivers Police, Seeks Stronger Security Collaboration

Adeleye Falade, MD, NLNG, (centre); Olakunle Osobu, Deputy MD...

Renaissance MD, Tony Attah, Predicts Merger of Operators at Nigerian Content Lecture

The Managing Director of Renaissance Africa Energy Company Limited,...

NCDMB, Seplat Firm Up Plans for Take-off of Centre of Excellence at DELSU

 Key Management staff of the Nigerian Content Development and...

FG Denies Allegation of Hidden Spending, Diversion of Federation Revenue

The attention of the Federal Ministry of Finance has...

Topics

IATA, FIATA Unveil New Air Cargo Program

The International Air Transport Association (IATA) and the International...

Consolidated Hallmark Insurance Plc

Mr. Eddie Efekoha (MD/CEO- Centre) From left – Dotun Adeogun,...

AMCON, EFCC Partner on Debt Recovery

DEBT RECOVERY: Managing Director/Chief Executive Officer, Asset Management Corporation of...

QUESTIONS TO ASK BEFORE BUYING OFF-PLAN PROPERTY

BY DENNIS ISONG Purchasing a property off-plan is a good...

Densiva.ng: Open for Business, Investment in Digital Ecosystem

Densiva.ng, a frontline online marketplace where buyers and sellers...

Microsoft Unveils Fund for Affordable Internet

Microsoft Corporation has launched a new fund to cultivate companies with solutions that bring affordable Internet access to underserved markets. The fund is part of Microsoft’s Affordable Access Initiative, which invests in new last-mile access technologies, cloud-based services and applications, and business models that can reduce the cost of Internet access and help more people affordably get online. “Today there are approximately four billion people globally without Internet access,” said Peggy Johnson, Executive Vice President of Business Development at Microsoft. “The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world. Through this fund, we hope to kick-start the entrepreneurial process by identifying promising ideas that we can help nurture, grow and scale.”

Business Journal Named in Top 20 Nigeria Business Blogs Ranking

The Business Journal online (www.businessjournalng.com) platform has been named...

Africa Must Harness Power of Aviation for Growth

The International Air Transport Association (IATA) has called on...
spot_img

Related Articles

Popular Categories

spot_imgspot_img