Tinubu okays NNPC debt relief, writes off $1.42bn and N5.57tn owed to federation

[National Accord - Nigeria] - 29/12/2025
President Bola Tinubu has approved the cancellation of a significant portion of the Nigerian National Petroleum Company Limited’s (NNPC Ltd) outstanding debts to the Federation Account, wiping off legacy obligations valued at about $1.42 billion, alongside trillions of naira in reconciled (…)
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