Tinubu Cancels $1.42bn NNPC Debt

President Bola Ahmed Tinubu has approved the cancellation of a significant portion of the Nigerian National Petroleum Corporation’s (NNPC) outstanding debts. The development will see the wiping out of approximately $1.42 billion in legacy obligations. In a statement shared on its X handle on Monday, the Presidency said the decision was detailed in a document […]