Despite its transition into a fully commercial entity, the Nigerian National Petroleum Company Limited is facing mounting financial strain as debts owed by its own subsidiaries and related entities ballooned to an alarming N30.30 trillion. Fresh details from NNPC’s 2024 audited financial statements show that inter company receivables surged by 70.4 per cent, rising from … Continue reading Why NNPC’s N5.4 Trillion Profit Is Hiding a N30.3 Trillion Debt Problem