‘World’s most opaque company’ stench trails NNPC secret deals – Businessday
‘
The non-publication of financial accounts and refusal to disclose contracts signed with oil companies may be justifying public sentiments that the Nigeria National Petroleum Company (NNPC) Limited is the world’s most opaque oil company.
NNPC Limited is the country’s major foreign exchange (FX) earner as West Africa’s biggest economy strains to diversify its revenue-generating sources.
Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria (CBN) from June 2009 to February 2014, first adjudged the NNPC as the ‘most opaque oil company in the world.’
Other Major Financial news headlines today July 16, 2024:
Samsung unveils new AI-enabled Galaxy Z foldables
Sims launches new subsidiary to boost power supply solutions
Collaboration ‘ Africa’s business accelerator
For more details on the above and other headlines either get a printed copy of business day newspaper or better still visit their website