FG Writes Off $1.42bn, N5.57tn NNPC Debt After Presidential Approval
President Bola Tinubu has approved the cancellation of a significant portion of the Nigerian National Petroleum Company Limited’s outstanding debt to the Federation Account, wiping off about $1.42 billion and N5.57 trillion following a reconciliation of records between both parties. The approval was disclosed in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission…