FG Clears $3.81bn Debt, Owes IOCs $873.34m

The Federal Government has paid $3.81 billion in cash call arrears to foreign oil corporations through joint ventures. This was done through the Nigerian National Petroleum Company Limited. According to figures reviewed in Abuja on Thursday, the $3.81 billion repayment has been completed as of May 31, 2022, leaving an outstanding amount of $873.34 million. … Continue reading FG Clears $3.81bn Debt, Owes IOCs $873.34m