Category : Search result: NNPCL legacy debt


Africa's $163bn Debt Crisis Needs EU Action

African leaders warn Europe must help break debt cycle as countries pay $163bn annually. Unsustainable debt hampers climate resilience and development across the continent.

NNPCL Targets Higher Production, Gas Monetisation in 2025

NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.

Family, Friends Celebrate Haastrup at 80

Family and friends gathered to celebrate Prince Ademola Haastrup at 80. The retired police officer was honoured for his life of faith, family, and service. Read more about this inspiring legacy.

Court Orders Police Out of Nestoil Premises

Federal High Court directs Lagos Police to withdraw officers from Nestoil facilities in ongoing debt dispute with FBNQuest Merchant Bank. Latest ruling shifts case dynamics.

Japan PM Takaichi defends $135bn stimulus package

Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.

Nigeria at Risk of Debt Crisis, Experts Warn

Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.

Court awards N20.7bn against petroleum marketer

A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.

Dan Agbese: Nigerian Journalism Legend Dies

Nigeria mourns veteran journalist Dan Agbese, a fearless truth-teller who shaped media through Newswatch and The Nigeria Standard. His legacy inspires generations.

Olamide Declares Wizkid Fela's True Heir

Nigerian rap icon Olamide sparks global debate by declaring Wizkid the greatest Afrobeats artist after Fela Kuti during Toronto event. Industry reactions explode online.

Senate Orders NNPCL to Refund N210 Trillion

Nigerian Senate demands NNPCL refund N210 trillion in unaccounted funds after CEO snubs hearing. Auditor-General's report reveals massive financial discrepancies from 2017-2023 operations.

Senate okays N1.15trn loan for 2025 budget deficit

The Nigerian Senate has approved President Tinubu's request to borrow N1.15 trillion from the domestic debt market to fund the increased 2025 budget deficit. Read the full details and implications.

Cooking Gas Prices Drop by Over N900 per Kg

Nigerians celebrate as cooking gas prices drop significantly, with marketers promising further reductions ahead of festive season. Major suppliers including NNPCL slash prices.

Valid Concert 2025: Legends and Legacy Unite

Get ready for the most anticipated musical event of 2025! Nigeria's biggest music icons are coming together for Valid Concert's 'Legends and Legacy' - a celebration of authentic Nigerian sound that promises to redefine entertainment history.

Obaseki Denies N600B Debt: 'Political Fiction'

Edo State Governor Godwin Obaseki vehemently denies allegations of leaving massive debt, calling it political propaganda. Get exclusive insights into the financial facts and the governor's explosive response.

House Scrutinizes Tinubu's N1.15T Loan Request

Nigeria's House of Representatives launches thorough investigation into President Tinubu's massive N1.15 trillion loan request amid growing economic concerns and national debt worries.

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