28 Jan 2020
Sixty years after the annus mirabilis in which 17 African countries gained their independence in 1960, the three main challenges facing the continent in 2020 will be development, debt, and dictatorships.
20 Dec 2019
Nigeria may need to explore innovative measures of improving productivity and generating revenue beyond increased borrowing, if it hopes to increase its Gross Domestic Product (GDP)
19 Dec 2019
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis
14 Dec 2019
Stallion Motors has refuted claims that its operations had been shut down owing to a court judgment arising from its indebtedness to Nigerian Banks and Asset Management Corporation of Nigeria
2 Dec 2019
The nation’s budgetary provisions for debt servicing could rise to N3 trillion if the Federal Government goes ahead with its $29.96 billion loan request.
2 Dec 2019
A federal High Court sitting in Lagos has ordered the seizure of an aircraft belonging to Emirates Airlines over a N8.1 million judgment debt.
10 Nov 2019
Last week, we began this series with Romans Chapter 13 Themed “Owe No Man.” The Lord made it clear to us that as Christians, we must render to all their due: taxes to whom taxes are due, (tithes to whom tithes are due), customs to whom customs are due, fear to whom fear is due…
17 Oct 2019
The opposition Action Democratic Party (ADP) has cautioned President Muhammadu Buhari against worsening the debt profile of the country. ADP’s National Chairman, Yusuf Yabagi, told reporters in Abuja that Nigeria could suddenly become bankrupt with incessant borrowing.
17 Oct 2019
Low-interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) time bomb in the event of another global recession, the International Monetary Fund (IMF) has said.
17 Sep 2019
The National Examination Council (NECO) has withheld the results of over 30,000 candidates in public schools in Niger State, due to the inability of the state government to pay their examination fees.
14 Sep 2019
Spurious overpriced contracts without recourse to due process have been blamed for the over N1 trillion debt profile of the Niger Delta Development Commission (NDDC). Nothing else typifies this more than the N60 billion emergency contracts awarded within five months by the immediate past board of the commission.
8 Sep 2019
The Department of Outdoors Advertisement & Signage [DOAS] has commenced de-registration of all Outdoor Advertising Agencies operating in Abuja, due to N2.1b debts owed the Federal Capital Territory (FCT) administration. The agency has since commenced the pulling down of signages and signposts across the territory. Director of the agency, Dr. Babagana Adam, who disclosed this yesterday, while…