Nigeria Owed More Debt Despite My Leaving $70bn In The Country’s Coffers – Obasanjo

LAGOS OCTOBER 25TH (NEWSRANGERS)-Former Nigerian President, Olusegun Obasanjo has decried the size of debt being owned by the country, years after he left office in 2007. Obasanjo recalled he left the nation with about $70 billion, including a $45 billion reserve and $25 billion in a designated “excess crude” account. The former President spoke on…

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Central Bank Of Nigeria Releases $265m For Outstanding Airline Ticket Sales

LAGOS AUGUST 28TH (NEWSRANGERS)-Nigeria’s Central Bank released $265 million to airlines to settle outstanding ticket sales, it said in a statement on Friday. Airlines have said they have millions trapped in Africa’s most populous nation due to an inability to access the foreign exchange repatriate funds. Dubai’s Emirates has said it will suspend its service…

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