Browsing Tag
Debts
3 posts
Electricity: FG pays over $120m to offset gas debts
The Federal Government says it has paid $120m out of the $1.3bn owed gas firms for the supply of gas for the running of power plants in Nigeria.
Amid $1b legacy debts, Nigeria pushes for $12b revenue, 10 gas FIDs
Nigeria is pushing to offset about $1 billion gas legacy debt as stakeholders in the industry raised hope of a $12 billion investment and 10 Final Investment Decisions (FIDs) in the next one decade.
LCC Speaks on Bank Debts, Ownership and Fate of Over 500 Workers
The Lekki Concession Company (LCC) has again appealed for the understanding of aggrieved youths who are bent on preventing the Company from commencing the evaluation of the extent of the damage done to its assets on the night of Tuesday, October 20, 2020, citing the subsisting bank debts and the fate of its over 500 workers as compelling reasons the process ought to begin now.