Fuel Shortages Linked To NNPCL’s $6 Billion Debt Crisis
Global fuel suppliers are increasingly unwilling to extend credit to the Nigeria National Petroleum Company Limited (NNPCL) due to its growing debt, which now exceeds $6 billion. Sources within the industry told Sunday Vanguard that NNPCL, responsible for importing petrol through supply agents, has faced difficulties settling its mounting debts, leading to widespread disruptions in … Read more