Nigeria’s state-owned oil company (NNPC) reportedly has outstanding debts of about $3 billion to fuel traders for imported petrol. Nigeria’s state-owned oil company (NNPC) reportedly has outstanding debts of about $3 billion to fuel traders for imported petrol.The backlog in payments represents a setback to the government’s initiatives in Africa’s largest economy to stabilize its strained finances by reducing expensive energy subsidies.NNPC spokesperson said the company was “not aware of any such debt nor any financial issues of such magnitude”.Sources close to the matter told Reuters this sit…