Nigeria Writes Off $1.42bn, ₦5.57tn NNPC Legacy Debt Cleared

Reconciliation approved by President Tinubu wipes most dollar and naira obligations owed by the nation’s oil firm to federation accounts after an audit review. Nigeria’s federal government has approved the cancellation of most longstanding debts owed by the Nigerian National Petroleum Company Ltd. (NNPCL) to the federation account, writing off obligations totaling about $1.42 billion […]Original Article