Insolvency: NNPC owes IOCs $2.84bn in 11 months

05 January 2015, Abuja—The insolvency of the Nigerian National Petroleum Corporation, NNPC, has been brought to the  fore, with its inability to fund its obligation to International Oil Companies (IOCs),  as it owes its Joint Venture (JV) partners $2.839 billion, about N567.76 billion, between January and November 2015. The NNPC, in its Monthly Financial and Operations Report […] More »