Two years after PIA: NNPCL struggles with over $5.3b loans, JV debts, commercialisation

• Concerns over $8b loans, JV debts amidst worsening oil production • Politically-constituted board worry stakeholders • $2.9b PH, Warri, Kaduna refineries in limbo • ‘Rationalise portfolios, sack current management, address transparency issues’ Two years after the transitioning of the