Debt of poorest countries hit record $744 bn in 2019
The debt of the world's poorest countries hit a record $744 billion in 2019 prior to the coronavirus pandemic...
FG earmarks N3.12trn for debt service in 2021
The Federal Government says it remains committed to meeting the nation’s debt obligations as N3.12trillion is earmarked for debt service in the 2021 budget proposal.
Experts identify challenges as diaspora remittances Hit $114.07b In 7 Years
Even though Nigeria’s diaspora remittance has hit $114.07b (about N43.4t) in the last seven years, stakeholders, yesterday, insisted that the payment would drastically increase if prevailing challenges are addressed. The National Bureau of Statistics (NBS) had stated that remittances from Nigerians in Diaspora rose from $3.24b in 2013 to approximately $25.08b in 2018. The rise…
N940 million debt: AMCON takes over two firms
The Asset Management Corporation of Nigeria (AMCON), has taken over assets belonging to Northrich Technologies Limited, and its promoters, over a N500million debt
Debt burden suffocating Nigeria’s economic growth
Nigeria’s economic growth is choking under the huge burden of debt servicing. As at end of the first quarter of this year, total public debt had risen to N28.628 trillion.
‘How AMCON can meet its N5tr debt recovery target’
Legal experts in the Nigerian judiciary system have said the Asset Management Corporation of Nigeria (AMCON), can achieve its N5 trillion debt recovery target
OPS demands account for N35tr debt in 10 years
The Organised Private Sector (OPS), has challenged the Federal Government to give a proper account for over N35 trillion accumulated debt in the last 10 years.
AMCON seizes assets over N9.8 billion debt
For allegedly failing to pay a debt of N9.8 billion, the Asset Management Corporation of Nigeria (AMCON) yesterday moved against debtors by seizing their multi-billion naira properties
NDDC’s N2tr debt used for emergency projects, says Odili
Niger Delta Development Commission (NDDC) has declared that a large percentage of its N2 trillion debt was used to award emergency projects due to delayed passage of its budget.