Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in ...

Oil and gas expert Toyin Akinosho says profit declarations can coexist with debt, urges NNPC to focus on operations and ...

President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company ...

Tinubu approves partial write-off of NNPC debts to Nigerian government Decision cancels $1.42 billion and 5.57 trillion naira obligations Move may help clarify NNPC accounts amid oil sector challenges ...

Tilewa Adebajo says opaque NNPC debt write-offs reveal governance failures, fiscal stress, weak communication, and stalled economic reforms.

Nigeria's government is writing off $5bn in NNPC debt to prepare the state-owned oil firm for its planned 2028 IPO, aiming to ...

When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s ...

The Tribunal held that a bad debt claim involving factual and legal analysis cannot be disallowed during section 143(1) processing. Such issues must be examined through regular assessment proceedings, ...

FRANKFURT, Germany (AP) — The International Monetary Fund says Greece’s debts are too big to pay and need to be partly forgiven. Germany says that’s out of the question. German officials, led by ...