indebtedness
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NNPC indebtedness to suppliers not good image for Nigeria – economist
An Economist, Dr Chijioke Ekechukwu says the Nigerian National Petroleum Company Limited (NNPC Ltd.) indebtedness to fuel suppliers is not good for the country’s credit rating globally. The expert says the chaos that the debt may cause could be devastating to Nigeria’s already fragile economy. Ekechukwu, the Managing Director/Chief Executive Officer, Dignity Finance and Investment Ltd. said this in an…
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Alleged $2,5m indebtedness: Court to hear suit against Arik aircraft seizure
A Federal Capital Territory (FCT) high court on Wednesday fixed Aug 5, to hear a suit seeking to stop the seizure of the aircraft and other properties belonging to Arik Air Limited over 2.5 million dollars indebtedness. The Asset Management Corporation of Nigeria (AMCON) filed a motion on notice sequel to Monday’s seizure of Arik aircraft and other assets by…
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