The Nigerian National Petroleum Company’s (NNPC) outstanding debt on what it considers under-recovery topped N1.044 trillion in July, with total spending on the contentious gasoline subsidy already exceeding oil income. According to data from the National Oil Company (NOC) that was released late yesterday, the company also withheld N448.7 billion in July for the purpose, … Continue reading NNPC’s Outstanding Petrol Subsidy Debt Totals N1.04trn