8 Oct 2020
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.
27 Sep 2020
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…
25 Aug 2020
The Asset Management Corporation of Nigeria (AMCON), has taken over assets belonging to Northrich Technologies Limited, and its promoters, over a N500million debt
12 Aug 2020
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.
4 Aug 2020
Indigenous oil services firm, DE COON Services Limited, has written to the House of Representatives to investigate an alleged contract breach of about N14billion, comprising $30 million
23 Jul 2020
Legal experts in the Nigerian judiciary system have said the Asset Management Corporation of Nigeria (AMCON), can achieve its N5 trillion debt recovery target
23 Jul 2020
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.
14 Jul 2020
The Asset Management Corporation of Nigeria (AMCON) has taken over debtor’s properties and lands in Lekki, Lagos over N9.8billion owed to the federal government.
26 Jun 2020
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
23 Jun 2020
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.
17 Jun 2020
Former Vice President, Atiku Abubakar, has again raised concerns over the impending financial crisis, as the country’s debt-to-revenue ratio hits 99 per cent
3 Feb 2020
The Federal Government incurred a debt service bill of N606.87 billion on domestic obligations alone in just one quarter. This is more than 20 per cent of the total capital