Tag: Energy Sector Reform
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Tinubu Approves Write-Off of $1.42 Billion and ₦5.57 Trillion NNPC Debt
Key Move: Tinubu Greenlights Debt Write-Off for NNPC Ltd In a landmark decision, President Bola Tinubu has approved the write-off of substantial arrears owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The measure cancels roughly $1.42 billion and ₦5.57 trillion in outstanding debts, a development that could have wide-ranging…
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Nigeria Clears Billions in NNPC Debts: Tinubu Approves $1.42 Billion Write-Off
Overview of the Debt Write-Off Nigeria’s President, Bola Tinubu, has approved a landmark financial adjustment, authorizing the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum Company Limited (NNPC) to the Federation Account. The move translates to a wipeout of about $1.42 billion and N5.57 trillion, following a comprehensive reconciliation…
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Shadowy Dealings to Scandal: The Tymur Mindich Case Shakes Ukraine’s Nuclear Sector
Overview: A Cloud Over Ukraine’s Nuclear Sector Ukraine’s state nuclear energy company, Energoatom, is at the center of a growing corruption investigation that has pulled a former close associate of President Volodymyr Zelenskyy into the spotlight. Tymur Mindich, described by investigators as a shadowy power broker in the country’s post-revolution business landscape, is now facing…