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Debts

FG moves to settle legacy gas debts, boost investor confidence

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debts

By Motolani Oseni The Federal Government has unveiled plans to settle outstanding debts owed to gas producers, including long-standing legacy obligations, in a bid to restore confidence and drive investment in Nigeria’s gas sector. Mr Abel Nse, Senior Technical Adviser to the Minister of Petroleum Resources (Gas), disclosed this during a panel session hosted by […]

FG to settle $2.16bn outstanding debt to gas producers

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FG

By Motolani Oseni There are assurances by the federal government to fix Nigeria’s power crises by settling outstanding debts of about $2.16 billion to energy producers and tackling gas supply shortages to power generating firms. Nigeria has about 12,500 megawatts of installed capacity but only produces about a quarter of that, forcing households and businesses, […]

2017 Budget in trouble as Buhari seeks $5.5bn loans

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restructuring