NNPC Denies $6bn Debt To Oil Traders, Cites Normal Credit Practices

NNPC Denies $6bn Debt To Oil Traders, Cites Normal Credit Practices

Leadership | 01-09-2024 08:36pm |

Nigerian National Petroleum Company Limited (NNPCL) has denied allegations of owing international oil traders $6 billion. NNPCL’s chief corporate communications officer, Olufemi Soneye, stated that while transactions in the oil trading business are often conducted on credit, the company maintains open trade credit lines with various traders. He emphasised that NNPCL is fulfilling its financial [...]

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