Nigerian Government Clears $3.81bn Cash Call Arrears
Sep 5, 2022 ·
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Description
The Federal Government, through the Nigerian National Petroleum Company Limited, has paid $3.81bn cash call arrears in joint ventures to international oil companies. Figures showed that the $3.81bn repayment was...
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The Federal Government, through the Nigerian National Petroleum Company Limited, has paid $3.81bn cash call arrears in joint ventures to international oil companies.
Figures showed that the $3.81bn repayment was done as at May 31, 2022, leaving an outstanding balance of $873.34m.
The total negotiated debt between the government and the five IOCs was put at $4.68bn.
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Figures showed that the $3.81bn repayment was done as at May 31, 2022, leaving an outstanding balance of $873.34m.
The total negotiated debt between the government and the five IOCs was put at $4.68bn.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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