NNPC’s idle refineries pile N8.5trn debt

    Oladehinde Oladipo | Editor’s picks | Dec 02, 2025    
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The Nigerian National Petroleum Company Limited (NNPC) has amassed N8.5 trillion in related-party balances with its refining subsidiaries, highlighting the mounting financial burden of the nation's persistently non-operational refineries as of December 2024.

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