FG Plans N758bn Bond to Offset Pension Liabilities – PenCom   The Federal Government may issue a N758bn bond before the first week of October to clear outstanding pension liabilities, the National Pension Commission (PenCom) has disclosed. Speaking at a press briefing in Abuja on Thursday, the...

Pensioners Receive N17bn Unfunded Liabilities 30 Years After   The federal government has paid over N17 billion unfunded liabilities to pensioners after 30 years. The payment is a significant part of the outstanding pension liabilities owed to pensioners of defunct agencies on Pension Transitional Arrangement Directorate (PTAD)...

Reps Order Audit Of NNPC Assets, Liabilities, Probe IoCs Over N2.6trn Debts     The House of Representatives has called for an audit of the assets and liabilities of the Nigerian National Petroleum Corporation before it is fully privatised. At the plenary on Wednesday, the House resolved to...

Doubt Over NNPC’s Viability As Liabilities Exceed Assets By N4.6trn       Auditors of the Nigerian National Petroleum Corporation (NNPC) have questioned the viability of the company as its current liabilities exceeded its current assets by N4.6 trillion. The Auditor’s concern is contained in the 2020 financial year...

NNPC’s Liabilities Exceed Assets By N4.4trn         The liabilities of the Nigerian National Petroleum Corporation as a group exceeded the assets of the oil firm by N4.4tn in 2019, the just released audited financial statements of the firm for 2019 showed. It also revealed that the oil...

Legal Team Saved Billions Of Dollars In Liabilities – NNPC       The Nigerian National Petroleum Corporation said on Wednesday that its litigation team had saved billions of dollars in liabilities. The NNPC disclosed this while announcing that the team had emerged the ‘Leading Case Counsel Team’ of...