19 Mar 2018
An economist, Prof. Sheriffdeen Tella, on Monday described the nation’s debt stock of N21.73 trillion as worrisome and urged the Federal Government to stop external borrowing. Tella, a professor of Economics at Olabisi Onabanjo University, Ago-Iwoye, Ogun, expressed his views in an interview with the News Agency of Nigeria (NAN) in Lagos. He said that…
18 Mar 2018
Plateau State Government has said that the debt profile of the state stands at N122b out of an inherited debt of N220b, stressing that an alleged N1tr debt is neither here nor there. The state Information Commissioner, Mr. Yakubu Dati, who dropped the hint, declared that the records are available at the Debt Management Office…
14 Jan 2018
A Lagos-based legal practitioner Chima Nnaji told GERALDINE AKUTU that it is completely unacceptable, unjust and illegal for workers not to be paid their salaries by state governments. Some state governments owe workers’ salaries despite bailouts and Paris Club refunds from the Federal Government. How does this impact the wellbeing of civil servants? Even the…
7 Oct 2017
Ibikunle Amosun yesterday denied allegation that the state was owing N410 billion debt. The governor, who spoke while addressing teachers at the Governor’s Office premises in Oke-Mosan, Abeokuta, to mark the World Teachers’ Day.
22 Aug 2017
A firm, AYM Shafa Limited, has filed a winding-up application at the federal high court, Lagos against Omritas Energy Limited over its inability to pay an alleged debt of N57.6 million.
19 Jul 2017
If you are in debt, you do need to be proactive about paying it down. Meet with your lenders and see if they will be willing to adjust the terms to make it more manageable.
18 Oct 2016
First, a note about government spending. Government spending is in many ways similar to the way individuals and businesses spend money. They could spend money on different things.
14 Oct 2016
This is another wild goose chase by the APC-led Federal Government to fix the economy because they are creating the same scenario as we read in William Shakespeare’s classic play, The Merchant Of Venice.
8 Jun 2016
I wish to state that I was not at any time involved in the alleged diversion of the sum of $1.6 billion paid pursuant to the judgment of the court or any other sums of money.
22 May 2016
Greece on Sunday was set to adopt fresh cuts and tax hikes ahead of a Eurogroup meeting that is expected to unlock desperately needed bailout funds for the debt-ridden nation.
17 May 2016
In a bid to recover an alleged debt of N153 million, a limited liability company, AMY Shafa Limited, has filed a winding-up petition against a petroleum product marketing company ...