NNPC’s Debt Admission Worsens Fuel Scarcity …C0NTINUE READING HERE >>>
The Nigerian National Petroleum Corporation Limited (NNPC) has admitted to significant debts owed to international oil traders, exacerbating fuel scarcity across Nigeria and leading to longer queues at filling stations.
On Sunday, the NNPC revealed that financial strain, attributed to a debt of approximately $6 billion, is impacting its ability to consistently supply petrol.
This admission follows weeks of denial regarding the extent of its financial obligations, which have reportedly…
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