The insolvency of the 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 $2.839bn, about N567.76bn, between Jan & Nov 2015.
The NNPC, in its Monthly Financial and Operations Report for November 2015, obtained from its website, yesterday, stated that it was only able to pay $3.395 billion
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