NIPCO Promises Market-Friendly Rates Amid Fuel Crisis

NIPCO has pledged market-friendly rates for petroleum products from its 2018 depot operations amid the ongoing fuel crisis in the country. The company's New Year message emphasized unfettered access to LPG and other essential fuels for Nigerians.

New Managing Director Sanjay Teotia urged staff to rededicate their efforts to advance the company's objectives during his New Year address. The statement highlighted NIPCO's commitment to expanding gas distribution in key urban areas including Ibadan, Benin, and Lekki.

Dangote has accused NIPCO and Matrix of fraud and inflated financial figures, presenting a contrasting perspective on the company's operations within the current economic challenges.

NIPCO's staff are considered critical assets, with the company emphasizing their role in achieving operational success and market stability.