NNPC Makes Fresh Move to Borrow $2bn, While Counterpart, Saudi Aramco, Declares Huge Profits

In a development that underscores its financial struggles, the Nigerian National Petroleum Corporation (NNPC) is seeking to borrow an additional $2 billion through crude oil-backed loans from international creditors. This move, confirmed to Reuters by sources familiar with the matter, has sparked significant concerns about the company’s financial health and ability to manage resources efficiently. [...]The post NNPC Makes Fresh Move to Borrow $2bn, While Counterpart, Saudi Aramco, Declares Huge Profits appeared first on Tekedia.

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