Oil firms owe banks N5.93tn amid losses Archives - CeZzA's Blog. https://cezzatech.com.ng/tag/oil-firms-owe-banks-n5-93tn-amid-losses/ WELCOME TO CEZZATECH UPDATES. Tue, 23 Aug 2022 19:45:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://i0.wp.com/cezzatech.com.ng/wp-content/uploads/2022/11/cropped-305092180_187729240315919_6013510751404407063_n.jpg?fit=32%2C25&ssl=1 Oil firms owe banks N5.93tn amid losses Archives - CeZzA's Blog. https://cezzatech.com.ng/tag/oil-firms-owe-banks-n5-93tn-amid-losses/ 32 32 208503165 Oil firms owe banks N5.93tn amid losses, theft: https://cezzatech.com.ng/oil-firms-owe-banks-n5-93tn-amid-losses-theft/?utm_source=rss&utm_medium=rss&utm_campaign=oil-firms-owe-banks-n5-93tn-amid-losses-theft https://cezzatech.com.ng/oil-firms-owe-banks-n5-93tn-amid-losses-theft/#respond Tue, 23 Aug 2022 19:45:54 +0000 https://cezzatech.com.ng/?p=1844 The combined bank borrowing to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N5.93tn as of June 2022, according to data from the Central Bank of Nigeria.   While operators in the downstream, natural gas and crude oil refining subsector owed banks N4.28tn, operators in the …

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