Crude-for-Loans: NNPCL Battles N8.07tn Outstanding Debt

Theinfostride | 02-12-2025 05:55am |

Nigeria’s oil-dependent economy is once again in the spotlight as fresh disclosures reveal that the Nigerian National Petroleum Company Limited (NNPCL) is grappling with an outstanding crude-for-loan debt of approximately N8.07 trillion. The financial strain, stemming from long-standing crude repayment deals with international lenders and commodity traders, has raised new questions about transparency, fiscal sustainability,

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