NNPC’s $1.42bn Debt Write-Off And Matters Arising

President Bola Tinubu’s recent approval to cancel approximately $1.42 billion and ₦5.57 trillion in debts owed by the Nigerian National Petroleum Company Limited to the Federation Account raises more questions than it answers. The two figures written off totalled either $5.39 billion or N7.55 trillion using the exchange rate of N1400/$1. While the presidency frames

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