Fuel Retail Trading
Nipco ventured into retail marketing of fuels in 2007 with an underlying motive of replicating our performance at the depot level also at the retail marketing end. Having been successful as a depot operator, we felt that the business should be taken to the next phase which is retailing thereby impacting the consumers positively through effective and efficient service as well as ensuring good returns to our shareholders.
In order to achieve the above objectives, different business models were considered before settling for Dealer Owned Dealer Operated (DODO) embedded with 3 income streams which has the capacity to change the way and manner our would be partners are doing their business and also grow their business astronomically.
With a very strong customer base, majority, IPMAN Members, it was not too difficult for us to acquire very strategic outlets in focused markets through a lease arrangement.
Currently, we have acquired 100 retail outlets spread across the country, with a plan of increasing that to 150 by the end of the year.