NNPCL begins process of repaying $6 Billion debt – FG - 9jaflaver





Light Dark

WELCOME TO 9JAFLAVER

NEWS  |  SOCCER LIVE-SCORE   |  MOVIES   |  +18 ADULT LEAKS   |   INSTALL 9JAFLAVER MUSIC APP   |  HOTTEST 100 SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  COMEDY VIDEOS  |  NIGERIAN MUSIC ARTISTES  |  







NNPCL begins process of repaying $6 Billion debt – FG

    Posted by on October 24, 2024,




NNPCL begins process of repaying $6 Billion debt – FG



The Nigerian National Petroleum Company Limited (NNPCL) has initiated steps to settle its outstanding debt of $6 billion.

This was confirmed by the Nigerian government through the Ministry of Finance. During a meeting with investors in Washington, DC, on Wednesday, Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, stated that the NNPCL has begun the process of repaying the $6 billion it owes to its suppliers.

It is worth noting that the NNPCL has acknowledged facing financial challenges due to the expenses associated with maintaining supply and its liabilities to oil suppliers, which exceed $6 billion.

However, in his address on Wednesday, Edun said: “In terms of NNPC and their situation, the reality is that although the subsidy was removed on May 29, 2023, and is no longer on the government’s balance sheet, it did rear its head—not in terms of petrol subsidy, but foreign exchange subsidy, which was borne elsewhere, mainly by NNPC.

“I think what I can say about their situation now is that they have a route to paying down their payables, and I’m sure that in no time, they will start.

“From what I understand, they have even commenced the process of paying down their payables.”








Promote Article, Music, Video, Comedy Skit & Virals
Call: +2348143945195 Or +2349027283345

Whatsapp: +2348143945195



















Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-



ATTENTION!! CAN'T FIND THE SONG YOU ARE LOOKING FOR? INSTALL 9JAFLAVER GO APP NOW TO GET ALL MUSIC, STREAM AND DOWNLOAD LEGALLY, AND LET YOUR FAVOURITE ARTISTS GET PAID ROYALTIES (CLICK HERE)




Promoted Songs
Great Mumbela


Song Artwork

Now Playing: Love Bug

Aretti Adi






DMCA.com Protection Status

© 2014-2024 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.