Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in ...

President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company ...

Nigeria's government is writing off $5bn in NNPC debt to prepare the state-owned oil firm for its planned 2028 IPO, aiming to ...

When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

The NNPC has completed a massive debt write-off, cancelling N4.01tn in subsidy arrears and other liabilities owed by the ...

Russian President Vladimir Putin signed a law on debt forgiveness for certain recruits on Saturday. It allows for up to $96,000 in debt forgiveness for those who sign a minimum one-year contract to ...

The Tribunal held that a bad debt claim involving factual and legal analysis cannot be disallowed during section 143(1) processing. Such issues must be examined through regular assessment proceedings, ...

FRANKFURT, Germany (AP) — The International Monetary Fund says Greece’s debts are too big to pay and need to be partly forgiven. Germany says that’s out of the question. German officials, led by ...