NNPC Offsets $4.68bn Cash Call Debt To IOCs

NNPC Offsets $4.68bn Cash Call Debt To IOCs …C0NTINUE READING HERE >>>

The Nigerian National Petroleum Company Ltd (NNPCL) has confirmed clearing its outstanding $4.68 billion cash call debt to the five international oil companies operating in Nigeria.

The company said it is no longer owing any dues, a milestone achieved following the total removal of subsidy on Premium Motor Spirit(petrol).

The group chief executive officer, of the company, Mele Kyari, made this known while speaking on Monday at the 42nd NAPE Annual International Conference &…

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