Petrol Import Costs: NNPC Admits Financial Strain …C0NTINUE READING HERE >>>
The Nigeria National Petroleum Corporation Limited (NNPCL) has confirmed significant financial strain due to debt owed to international petrol suppliers.
The company has remained the sole importer of petrol into the country following the foreign exchange crisis that has resulted in significant increase in price differentials between the landing costs and the retail price of the product.
Recall that the media had earlier reported that the NNPC is owing a backlog of approximately $6 billion…
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