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The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that its purchasing portal will be reopened once the backlog of petrol orders is resolved.
Marketers had expressed concerns about the portal’s closure, arguing that it has led to increased round-tripping of product supplies and driven up prices.
In a statement obtained by Vanguard, Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, explained, “We have a significant backlog to address. The closure is meant to prevent us from holding marketers’ funds for an extended period. We are working to address the backlog as quickly as possible and will reopen the portal once it has been sufficiently reduced.”