Nigeria owes NNPC $4.9bn fuel debt – Report

The Federal Government owes the Nigerian National Petroleum Company Limited almost half of what it plans to collect in revenues this year for the petrol subsidy it reintroduced in August last year, Bloomberg reported on Monday. The report stated that NNPC is owed N7.8tn ($4.9bn) by the government in subsidy debts for the seven months

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