debt crisis

  1. Fuel Supply Challenges: IPMAN Blames NNPCL for N15 Billion Debt and Delays

    Nigeria Fuel Supply Challenges: IPMAN Blames NNPCL for N15 Billion Debt and Delays

    IPMAN highlights a N15 billion debt owed by NNPCL, impacting petroleum supply to marketers. Calls for direct sourcing from Dangote Refinery aim to alleviate pressure amid ongoing fuel shortages across Nigeria. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm...
  2. Businesses Face Uncertainty as Senate Mulls Customs Revenue Boost to Tackle Debt

    Nigeria Businesses Face Uncertainty as Senate Mulls Customs Revenue Boost to Tackle Debt

    In a bid to address Nigeria's burgeoning debt crisis, the Senate Committee on Customs contemplates raising the revenue target for the Nigeria Customs Service (NCS) in the latter half of 2024. The current target stands at N5 trillion for the fiscal year. Isah Jibrin, Chairman of the Senate...
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