NNPC pays cash call debts

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The Nigerian National Petroleum Company Limited, NNPC, has paid a total of $3.68bn out of the $4.689bn cash call debt to five international oil companies.

Latest data obtained from NNPC showed that while they had completed the repayments, it still owed three other
IOCs.
The outstanding balance of NNPC to the three firms, put together by the oil firm was $1.01bn as of December 31, 2021.

Written by: Helen Obih

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