The sale of Afro-Caribbean weekly newspaper New Nation will be an ‘enormous task’, but a number of potential buyers have shown an interest, according to the title’s administrator.

New Nation ceased trading on Monday after a “dramatic fall in advertising revenues” meant there was no longer enough cashflow to keep the business running.

Its parent company, the Ethnic Media Group, was placed into administration – and all 25 staff working at the publisher were made redundant.