Crude-for-loans: NNPCL battles N8.07tn outstanding debt December 1, 2025

The Nigerian National Petroleum Company Limited is burdened with crude-backed loan obligations estimated at N8.07tn, according to an analysis of its 2024 financial statements and capital-commitment disclosures. The liabilities stretch across multiple forward-sale and project-financing arrangements that are expected to be serviced through substantial crude oil and gas deliveries. The commitments...