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The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the process of settling its $6 billion debt, according to a statement made by Wale Edun, the Minister of Finance and Coordinating Minister for the Economy. This announcement was made during a meeting with investors in Washington, D.C., on Wednesday, October 23. Edun addressed concerns about the NNPCL’s financial situation, which had become stressed due to its outstanding obligations to suppliers. He explained that although the fuel subsidy was removed in May 2023, the……Read Full Article
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