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NNPC Subsidiary Records N1.8bn Profit In 2017 – MD



Breaking: NNPC Reduces Ex-Depot Price Of Petrol

Mr. Adeyemi Adetunji, Managing Director, Nigerian National Petroleum Corporation Retail has disclosed that the company made N1.8 billion profit after tax in 2017.

Adetunji made this known in Abuja at the 1st Triennial Delegate Conference of the PENGASSAN, Nigerian National Petroleum Corporation Retail branch.

He said that the total profit before tax was N3.2 billion in the year under review.

“NNPC Retail returns to the Corporation at the end of every year remains positive in 2017, we made N3.2 billion profit before tax and after tax we had N1.8 billion profit,’’ he said.

He said that the company was contemplating moving into other markets in West Africa adding that it would continue to ensure effective marketing strategies.

According to him, good customer services and world-class business model and performance will continue to be the core of the company.

“We have adopted a business model called POMP to help us to deliver on our mandate. P stands for people, without the people, we cannot run our business.

“O stands for operational excellence in supply and distribution especially on how we serve our customers While M represents Market focus and understanding the needs of customers.

“The P stands for partnership development which focuses on how to deliver values to customers,’’ he said.

Adetunji added that the company was doing all it can to ensure that the 30 per cent market share target given to the company by the NNPC Group Managing Director, Dr Maikanti Baru, was attained and even exceeded.

He assured that the new business model, POMP, when fully implemented would help to drive the achievement of the target.

NNPC Retail is a subsidiary of the NNPC.

Source: Naija News

Joshua Oyenigbehin is an introvert who is passionate about Storytelling, writing and teaching. He sees his imagination as an unsearchable world, more magical than a fairyland. He has written a novel and working on another.