NNPCL Denies $6.8bn Indebtedness and Clarifies Remittance Processes

Sunday, 18 August 2024, 08:03

NNPCL denies $6.8 billion indebtedness while clarifying its remittances to the Nigerian government. The firm addresses concerns over international oil traders.
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NNPCL Denies $6.8bn Indebtedness and Clarifies Remittance Processes

NNPCL Addresses Debt Claims

The Nigerian National Petroleum Company Limited (NNPCL) has firmly denied claims of owing international oil traders a staggering $6.8 billion. In a recent announcement, NNPCL clarified its financial positions, emphasizing its commitment to transparency and accountability in all dealings.

Clarification on Remittances

Additionally, the company highlighted that it has been consistently remitting taxes to the Federal Inland Revenue Service (FIRS), thereby supporting government revenue streams. According to NNPCL, these remittances underline its commitment to fulfilling financial obligations.

  • Nigerian National Petroleum Company Limited
  • Debt Claims
  • International Oil Traders

Future Implications

Such clarifications are vital for maintaining trust among stakeholders in the oil and gas sector. NNPCL's proactive communication could enhance its credibility within the market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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