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NNPC subsidiary sees N12bn Profit


One of the Nigerian National Petroleum Corporation (NNPC) subsidiary, Nigerian Gas Marketing Company (NGMC) has announced a profit of N12,476,685,000.00 for the year 2018. The company had total revenue of N243.630billion for 2018.

The body disclosed this at its Annual General Meeting on Friday in Abuja when the Group General Manager, Group Public Affairs Division of NNPC, Mr. Ndu Ughamadu, in a press release quoted the corporation’s Group Managing Director, Dr. Maikanti Baru, who is also the Chairman of the NGMC Board of Directors, as saying that the company’s performance was impressive considering the challenges it faced in its operations, notably pipeline vandalism.

The NGMC Managing Director, Engineer Mohammad Barau attributed the company’s impressive performance to the support given to it by the NNPC Management which helped to resolve some of its challenges and motivated the company to embark on an aggressive drive for customers, resulting in increased earnings.

Source This Day
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