Nigerian Government Clears $3.81bn Cash Call Arrears

The Federal Government, through the Nigerian National Petroleum Company Limited, has paid $3.81bn cash call arrears in joint ventures to international oil companies. <br />Figures showed that the $3.81bn repayment was done as at May 31, 2022, leaving an outstanding balance of $873.34m. <br />The total negotiated debt between the government and the five IOCs was put at $4.68bn.