31
May
The Nigerian National Petroleum Co. said it’s owed more than $6 billion by the country’s government that the firm has spent to keep gasoline cheap, a day after newly sworn-in President Bola Tinubu announced an end to the subsidy program. The state-owned company shouldn’t keep absorbing the burden of preserving one of the lowest prices of the fuel in the world, Chief Executive Officer Mele Kyari told reporters in the capital, Abuja, on Tuesday, welcoming the new head of state’s decision to stop the payments that cost more than $10 billion last year. The NNPC is waiting for the government…