NNPC seeks to boost petroleum retailing in West Africa in 2years

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The Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja said it would begin retailing of petroleum products across markets in the Economic Community of West African States (ECOWAS) in the next two years.

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NNPC Group Managing Director, Maikanti Baru, who rebranded key downstream subsidiaries of the group said the company would own 30 per cent market share of petroleum products distribution business in Nigeria by 2020 from the current 14 per cent.

Unveiling new logos for four of its downstream subsidiaries: Petroleum Products Marketing Company (PPMC), Nigerian Pipelines and Storage Company (NPSC), NNPC Retail Limited and NNPC Shipping, Baru said: “In making the choice to rebrand these entities, we are taking a huge step towards enhancing our corporate reputation, improved profitability, sustainable growth and most importantly, capture a larger share of the market across the entire downstream value-chain.”

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