NNPCL Begins Process Of Repaying $6 Billion Debt – FG Confirms …C0NTINUE READING HERE >>>
The Nigerian National Petroleum Company Limited (NNPCL) has begun the process of addressing its outstanding debt to the tune of $6 billion.
The Nigerian government confirmed this development through the Ministry of Finance.
Speaking during a meeting with investors in Washington, DC on Wednesday, Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, noted that the NNPCL has started the procedure to repay the $6 billion it owes to its suppliers.
It is worth noting that the NNPCL has acknowledged facing financial challenges due to the expenses associated…
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