Two years after PIA: NNPCL struggles with over $5.3b loans, JV debts, commercialisation

• Concerns over $8b loans, JV debts amidst worsening oil production • Politically-constituted board worry stakeholders • $2.9b PH, Warri, Kaduna refineries in limbo • ‘Rationalise portfolios, sack current management, address transparency issues’ Two years after the transitioning of the country’s oil company, Nigerian National Petroleum Company Limited (NNPC) Limited, into a commercial entity, the […]

The post Two years after PIA: NNPCL struggles with over $5.3b loans, JV debts, commercialisation appeared first on The Guardian Nigeria News – Nigeria and World News.

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