NNPC subsidiaries’ debt balloons 70% to N30tn January 5, 2026

Despite its transition into a commercial entity, the Nigerian National Petroleum Company Limited is grappling with mounting financial pressure as unviable and underperforming subsidiaries deepen inter-company indebtedness, pushing outstanding obligations owed to the company to N30.30tn. Latest findings from NNPC’s 2024 audited financial statements showed that debts owed by subsidiaries, joint...