NNPC Commits 272,500 Barrels Daily in $8.86 Billion Loan Agreements
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has announced a commitment of 272,500 barrels per day of crude oil through a series of crude-for-loan agreements totaling $8.86 billion. This commitment translates to approximately 8.17 million barrels of crude being allocated monthly for various loan arrangements. According to an analysis by the Nigeria…