N25bn debt: NLNG may declare force majeure over gas exports

The Nigerian Liquefied Natural Gas Company Limited (NLNG), which was last week blocked from exporting gas as a result of the N25 billion debt owed the Nigerian Maritime Administration and Safety Agency (NIMASA)  is contemplating the declaration of a force majeure (Act of God) to salvage its external contracts.

The company came under the hammer of NIMASA last week  following its failure to pay up the balance of the N25 billion debt owed the agency after it had paid about N3.3 billion of the total debt.

Nigerian Tribune

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