Tuesday 13 October 2015

NNPC to Explore Alternative Funding to Offset Subsidy Debts to Oil Marketers

The Nigerian National Petroleum Corporation (NNPC) monday said it would explore new financing mechanisms to offset outstanding debts on subsidy claims which the federal government owes petroleum marketers in the country.

The corporation also stated that it would reach out to relevant creditors such as the banks in the country to ease off extant repayment pressure on marketers and extend the credit lines offered by them
 

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