Nigeria's State-run Oil Firm NNPC Faces Financial Strain Over Costly Fuel Imports | Firstpost Africa

Nigeria's State-run Oil Firm NNPC Faces Financial Strain Over Costly Fuel Imports | Firstpost Africa

Nigeria, one of the world's largest oil producers, is running out of fuel. Nigerians in major cities have been queuing up for hours at fuel stations amid the scarcity. In the latest, Nigeria's state-run oil company the Nigerian National Petroleum Company Limited (NNPC) has acknowledged that a financial strain has been hampering its supplies. Nigeria is an OPEC producer. It was reported as the largest oil producer in Africa in 2023. Despite this, the country imports most of its fuel needs. Watch this report to understand Nigeria's worsening fuel crisis.

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