Africa Business News

The Nigerian National Petroleum Company Limited says the company’s significant debt to petrol suppliers poses a threat to the sustainability of fuel supply. There have been reports that a $6 billion debt the NNPCL owes petrol suppliers has worsened petrol scarcity in Nigeria, a perennial feature since the beginning of 2024. NNPCL spokesman Olufemi Soneye says the financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply. He says they are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.