According to information from the Central Bank of Nigeria, bank loans to oil companies engaged in the upstream and downstream sectors of the country’s oil and gas industry totaled N5.93 trillion as of June 2022. Operators in the upstream and services subsectors owed banks N1.65tn, whilst those in the downstream, natural gas, and crude oil … Continue reading Oil Firms Owe Banks N5.93tn Amid Losses And Theft