Despite Receiving Billions From FAAC, 20 Governors Borrow Fresh N446bn
DEBT servicing costs incurred by 29 state governments consumed 80.7 per cent of their Internally Generated Revenue during the first six months of.
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I Inherited N3.2bn Debt When I Assumed Office, NAFDAC DG Says
The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye has claimed that she inherited.
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Federal Government Seeks $4.4bn New Loans As Debt Hits N101tn
THE Federal Government has borrowed a total of $4.95bn in loans from the World Bank in the past 12 months, pushing the total.
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I Inherited $587m, N85bn Debt From El-Rufai’s Administration – Kaduna Gov
GOVERNOR Uba Sani of Kaduna State has said that he inherited a huge debt burden of $587m, N85bn and 115 contractual liabilities from.
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Nigeria’s Debt Hit N87.9trn By September 2023 – DMO
THE Debt Management Office (DMO) said Nigeria’s total public debt as at September 30, 2023 was N87.91trn or $114.35bn. The DMO, in a.
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Court Freezes Oyo Accounts In 10 Banks Over N3.5bn Debt
A HIGH Court of the Federal Capital Territory, Abuja has issued an order freezing the accounts of the Oyo State Government in 10.
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N3.4bn Debt: Court Of Appeal Orders Makinde To Pay Oyo Ex-Council Chiefs
THE Court of Appeal Abuja has affirmed the April 27 decision of the Federal Capital Territory High Court, ordering the Oyo State Governor,.
Business
‘You Will Repay Your Loan’, MTN Tells Subscribers As ‘System Glitch’ Causes Debt Cancellation
SERVICE providers MTN Nigeria have reacted after a ‘system glitch’ in the early hours of Saturday caused a cancellation in the debt of.
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‘Pay Your N300bn Debt, Recover Your Airline’, AMCON Tells Arik Air Owner
THE Assets Management Corporation of Nigeria (AMCON) has advised the Chairman of Arik Air, Johnson Arumemi-Ikide, to present a reasonable debt recovery plan.
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Nigeria Spent N2.34trn On Debt Servicing In Six Months – DMO
NIGERIA spent N2.34 trillion on debt service within six months, according to a new report by the Debt Management Office (DMO). Nigeria’s debt.
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Servicing Debt With 90% Revenue A Recipee For Disaster – Tinubu
PRESIDENT Bola Tinubu has said the country could not continue to service its debt with 90 percent of its revenue. He noted that.
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Senate Approves Restructuring Of N22.7tn Debt
THE Senate has approved the restructuring of the controversial N22.719 trillion naira ways and means advances, ostensibly to ensure that the government does.
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Nigeria Spent 96.3% Of 2022 Revenue To Service Debt – World Bank
THE World Bank says Nigeria spent 96.3 percent of its 2022 revenue on servicing its debts. This was contained in the Macro Poverty.
Sport
Manchester United Owe Almost £1bn New Figures Reveal
MANCHESTER United owe £969.6m through a combination of gross debt, bank borrowings and outstanding transfer fees with associated payments, according to new figures..
Business
Lagos, Kaduna, Rivers Top List Of States With Highest Foreign Debts
LAGOS State with a foreign debt of $1.27bn (Domestic debt – N877.04bn), Kaduna with $586.78m (Domestic – N86.86bn) and Rivers with $240.18m (Domestic.
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Incoming Administration Will Inherit N77trn Debt – DMO
NIGERIA’s debt profile is expected to hit N77 trillion as President Muhammadu Buhari leaves office in five months’ time. Patience Oniha, director general.
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Debt: FG To Levy Imported Goods For AfDB, World Bank
THE Federal Government is set to introduce 0.5 percent levy on imported goods to raise funds to meet its obligations to the African.