NIGERIA: AIRLINE DEBTS RISKY FOR BUSINESS.(Brief Article)

From: IPR Strategic Business Information Database | Date: August 7, 2002 | Copyright information

According to This Day, the Director-General of the Bureau for Public Enterprises (BPE), Mallam Nasir El-Rufai, has announced that the Nigerian Airways owes $400 million and as such is a liability to the Federal Government. Accordingly, the staggering debt profile of the national carrier is capable of scaring investors. El-Rufai, speaking on the Hausa Service phone-in programme of the Radio Nigeria, Kaduna, said that N6 billion would be needed to settle the entitlements of the Niger...

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