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Nigeria’s State Oil Company Admits Debt to Suppliers, Fuel Shortages Loom

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • NNPC’s $6 billion debt to suppliers threatens petrol supply 
  • Experts warn of rising inflation and prolonged scarcity

Lagos, Nigeria – The Nigerian National Petroleum Company (NNPC) has admitted that its significant debt to suppliers is threatening the nation’s petrol supply, reversing months of denial as fuel shortages worsen across Africa’s most populous nation.

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