Nigerian Gas Marketing Company Declares 12 Billion Naira

Nigerian Gas Marketing Company (NGMC), a backup of the Nigerian National Petroleum Corporation (NNPC) on Friday announced a benefit after duty of ₦12,476,685,000 for the year finished 31 December 2018.

The organization made the divulgence in Abuja at its Annual General Meeting on Friday.

Talking at the occasion, the Group Managing Director of NNPC, Dr. Maikanti Baru, who serves as the Chairman of the NGMC Board of Directors, said the organization's exhibition was noteworthy, even as it needs to think about some operational difficulties, particularly pipeline vandalism.

The GMD who was spoken to by the Chief Operating Officer (COO), Gas and Power, Engr. Seidu Mohammed, said the organization would do everything to continue the great execution, including that: "We need to grow our portfolio, we are going into the West African market to position ourselves as the best advertiser of gas in the sub-area".

He expressed that NGMC had officially marked contracts with certain organizations in the Republic of Benin.

On his part, Managing Director of NGMC, Engr. Mohammad Barau, ascribed the organization's noteworthy presentation to the help given to it by the NNPC Management which settled a portion of its difficulties and spurred the organization to set out on a forceful drive for clients, bringing about expanded profit.

The organization's all out income for the year 2018 was ₦243.630billion contrasted with ₦275.162billion for 2017.

The decrease in income was ascribed to the move by the electric power creating organizations to buy gas straightforwardly from gas makers since June 2018.

The NGMC is for the most part occupied with sourcing, showcasing and conveyance of petroleum gas to major mechanical clients and service organizations in Nigeria and the West Africa sub-area.

Tread Started by: Christian Uriel On 5:15pm Jun 7