NNPC commits 186,000bpd future crude to repay N8.2tn liabilities

The Nigerian National Petroleum Company (NNPC) Limited has committed more than 186,000 barrels of crude oil per day from future production to meet obligations under crude-backed financing arrangements, highlighting the amount of future oil revenue already tied to existing commitments. The disclosure is contained in NNPC’s 2025 audited financial statements, which show that the company ...