As the monthly allocations shared by federal, state and local government in Nigeria skyrocket due to the announced end of subsidy regime, the Nigerian National Petroleum Company Limited (NNPCL) takes the bullet and carries the financial burden. PLATFORMS AFRICA, in this figures-don’t-lie report, shows how this has become an existential threat to operations of the National Oil Giant. The debts burden on the Nigerian National Petroleum Company Limited (NNPCL) will cross the $10 billion mark by the second quarter of 2025, barring the adjustment in present Nigerian financial structure,…
Read MoreSPECIAL REPORT: NNPC Ltd: When a National Cash Cow is Overburdened
