DPR Links $1.03bn Remittance To Oil Royalties, Legacy Debts         The Department of Petroleum Resources (DPR), has identified oil and gas royalties and legacy debts as a major contributor to its revenue generation amounting $1.03 billion remitted to the Federation Account. DPR stated that the revenue...

The Minister of Finance, Mrs. Kemi Adeosun stated that the Federal Government would apply the sum of $3bn in refinancing the legacy debts of the immediate past administration. The outlay is part of the $5.5bn foreign loan being sourced from the international financial markets, according...