NNPC’s N286bn fuel subsidy losses mirrors failed model

by | February 23, 2018 1:40 am

The inability of the Nigerian National Petroleum Corporation (NNPC) to operate as a fully integrated oil company is taking a toll on the country and is a symbol of growing pains at the state-owned oil firm. NNPC said on Tuesday it had spent $5.8 billion (N1.8 trillion) on fuel imports since October 2017, to combat…

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