Tag: debt
We have paid FAAN N18.9bn, Arik Air claims
Arik Air on Thursday claimed that it had paid a total sum of N18.9 billion to the Federal Airports Authority…
NNPC owes FG N4.9trn not N3.2trn – RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said on Monday that the Nigerian National Petroleum Corporation (NNPC) was yet…
Nigeria: 35% of budget to be spent on debt servicing
Nigeria expects to spend 35 percent of its federal government revenues servicing debt this year, up from 26 percent last…
Widow, 70, arraigned for owing 20 years house rent
A 70-year-old widow, Mrs Elizabeth Adeoni, was on Wednesday arraigned in an Osogbo customary court for owing rent arrears for…
Nigeria’s debt stands at N11.2trillion
Nigeria’s total debt rose to 12.60 trillion naira ($65.42 billion) as of December 2015, up from 11.2 trillion naira in…
VIDEO/PICTURES: NUPENG protest N224m owed by LASG
The Lagos State Government on Tuesday said it would not succumb to the attempt by the Nigeria Union of Petroleum…
Obaigbena’s London TV station, Arise, shut over £3m debt
Funsho Arogundade Arise TV, London-based global news network, owned by Nigeria’s flamboyant media baron, Prince Nduka Obaigbena, has been shut…
FG owes agro dealers N73bn, forces member to sleep inside church
Agro Dealers Association of Nigeria has threatened that its members will boycott the Growth Enhancement Support (GES) scheme after it…
Lagos set to float N43bn Bond in Capital Market
Kazeem Ugbodaga The Lagos State Government is set to float a new bond of N43 billion in the Capital Market…
Alleged Contractors’ Debt: MDGs Office denies diversion of funds
The Office of the Senior Special Assistant to the President on Millennium Development Goals, OSSAP-MDGs has denied allegations of diversion…
IMF approves $28.7m credit facility for debt distressed Chad
The Executive Board of the International Monetary Fund (IMF) has on Tuesday in Dar es Salaam approved immediate disbursement of…
Fashola promises to settle Egbin Power N47b debt
Minister of power, works and housing, Mr Babatunde Fashola Friday promised to settle the N47 billion debt it owed to…
Husband incurs heavy debt, flees from matrimonial home
Cyriacus Izuekwe A Lagos customary court has dissolved a marriage between a couple, Mrs Sarah Omidiji and her husband, Julius…
N139m debt: Receiver manager takes over Italian company
Akin Kuponiyi A Federal high court sitting in Lagos, western Nigeria, has granted leave to a Lagos lawyer, Barrister Temilolu…
Nigeria gas firm to reduce supply to Ghana over $181m debt
Nigeria’s N-Gas on Wednesday threatened to reduce by 70 percent its gas supplies to Ghana’s main power generation company on…