NNPC Dissociates Tinubus from OVH Acquisition

By Modupe Gbadeyanka The Nigerian National Petroleum Company (NNPC) Limited has rebuffed claims that President Bola Tinubu and one of his relatives, Mr Wale Tinubu of Oando Plc, have interests in the acquisition of OVH, which recently took control of NNPC Retail Limited, the downstream arm of the state-owned oil firm. In a statement on… Continue reading NNPC Dissociates Tinubus from OVH Acquisition

NNPC Retail Attributes Surge in Q1 2023 Profit to OVH Acquisition

By Bliss Okperan The Nigerian National Petroleum Company (NNPC) Limited has disclosed that since it acquired the downstream business of Oando Plc in October 2022, its retail business has witnessed a surge in profitability. The chief executive of the NNPC, Mr Mele Kyari, disclosed this while addressing the ad hoc committee of the House of… Continue reading NNPC Retail Attributes Surge in Q1 2023 Profit to OVH Acquisition