Tag: debt
Ireland court releases Congo plane grounded in debt row
Reuters – An airplane belonging to Democratic Republic of Congo’s new national carrier was released by an Irish court on…
More states benefit from Buhari’s relief package
States of the federation have started benefiting from the Special Intervention Fund aspect of the presidential relief package earlier approved…
A decade after write-offs, Africa sliding back into debt trap
By Ed Cropley Reuters – With their economies floundering and currencies sinking, African states that have borrowed heavily in dollars…
Nigerian firms may struggle to repay debt if dollar shortages persist
Already feeling the pinch from slumping oil prices and slowing economic growth, Nigerian companies are finding it increasingly hard to…
N1.2billion debt: AMCON seizes G.Cappa property
Akin Kuponiyi In a bid to recover a debt of N1,207,296,646.45 from G.CAPPA PLC. Construction Company, the Asset management corporation…
FAAN issues seven-day final notice to debtors
The Federal Airports Authority of Nigeria (FAAN) has given all its debtors a seven-day final demand notice to settle their…
States’ inability to pay WAEC, a national embarrassment
Stakeholders in the education sector have described the non-release of West African Senior School Certificate Examination (WASSCE) of 13 debtor…
Buhari orders action to address enormous debt in aviation sector
President Muhammadu Buhari Wednesday in Abuja expressed concern over the enormous debt profile of Nigeria’s aviation sector, saying that his…
Electricity supply to court disconnected over N250,000 bill
Cyriacus Izuekwe There was disagreement between electricity workers and court officials after the workers of the Ikeja Electricity company stormed…
Buhari advised to overhaul Nigerian oil sector, increase debt
Advisors to Nigerian President, Muhammadu Buhari have recommended a root and branch overhaul of Africa’s biggest oil industry and increased…
N658bn is the debt Nigerian states owe but the profit one man made in a day
Nigeria’s 36 states have estimated their total indebtedness, including salaries owed workers at N658 billion, about $3.3 billion. The money…
Uncompleted Projects: Ganduje inherits N105 bn debt from Kwankwaso
Governor Rabi’u Kwankwaso of Kano state has left a debt of over N105 billion meant for the payment of 2,715…
Buhari to spend N4.1trillion in first day as president – Oyegun
The National Chairman of the All Progressives Congress, Chief John Oyegun has said today that Nigeria’s president-elect, Muhammadu Buhari will…
Nigeria bedeviled by poverty, debt – Osinbajo
Nigeria’s Vice President-elect, Prof. Yomi Osinbajo, has painted a dispiriting picture of the national economy, by releasing mind-boggling statistics and…
Jang leaving only N18bn debt – commissioner
Plateau State Government on Friday said its current debt profile was N18 billion and not N200 billion as being speculated.…