Search

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

  • 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.

You need an active subscription to continue reading this article.

Recent Business

Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
Breaking News
Senegal exceeds debt auction target with $403m raise
Read More »
Breaking News
Ghana secures $360m World Bank backing ahead of eurobond payment
Read More »

Recent Politics

Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
edouard-tamba-oTrwlvPvpVo-unsplash
Northern defections rattle Biya’s rule ahead of Cameroon’s October election
Read More »
bernd-dittrich-yfQfmji31fY-unsplash
Afreximbank warns of trade risks and openings as global fault lines shift
Read More »

Latest Posts

Latest news insights