debt

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed budget deficits and numerous promissory notes as reasons for the rising debt of the Nigerian government. Oniha said despite not

Fakoyejo Olalekan

2 years ago

Benue State’s Ex-gov, Ortom, Signs Bill To Earn N25 million, Receive 2 SUVs After Tenure

Business

Ortom, FG Seal Agreement To Clear Benue State’s N84 billion Debts

Benue State Government has agreed to a swap deal with the Federal Government to reduce the state’s debt, the state’s Commissioner for Finance, David Olofu, revealed on Monday. Olofu said the debt

Fakoyejo Olalekan

2 years ago

Business·Tech News

Flutterwave To Take On $20 million Debt, As It Moves To Buy Struggling UK Firm, Railsr

Nigerian unicorn, Flutterwave, is in talks to acquire UK fintech, Railsr, which is struggling to raise funds from Venture Capitalists. Railsr, formerly called Railsbank, was founded by Nigel Verdon and Clive Mitchell

Fakoyejo Olalekan

2 years ago

Breakdown Of How Nigeria’s Debt Will Rise Over N70 billion In June

Business

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

Nigeria’s public debt could rise to N72 trillion, from the N44 trillion reported as of September 2022, the Debt Management Office (DMO) has disclosed. According to the Director-General of the debt office,

Fakoyejo Olalekan

2 years ago

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

5,000 Entities Owe Buhari Govt N5.2 trillion

The Federal Government is owed N5.2 trillion in debts by over 5,000 companies and individuals who have refused to meet their debt obligations. Director of Special Projects in the Federal Ministry of

Fakoyejo Olalekan

2 years ago

Bake Bigger Cake, Not Bigger Debt, Atiku Tells Buhari Govt

Former Vice President Atiku Abubakar on Tuesday said the President Muhammadu Buhari-led federal government has no reason to celebrate the reported Gross Domestic Product growth of 3.4 per cent in the second

John Adoyi, PBA Journalism Mentee

2 years ago

“Nigeria’s Debt Stock Rose To N39.56trn In 2021”

The Nigerian Electricity Regulatory Commission (NERC) has announced, electricity tariff shall rise, six-monthly as a result of the latest N600billion subsidy removal on power. The Chairman of NERC, Sanusi Garba, disclosed the

Queen Nwabueze

3 years ago

AMCON submits list of Top 1000 Debtors to National Assembly

AMCON Reports 1000 ‘Serial’ Debtors To Nigerian Lawmakers

ASSET Management Corporation of Nigeria (AMCON) has submitted a list containing top 1,000 debtors to the House of Representatives, seeking intervention of the National Assembly in its debt recovery drive.

Victor Ezeja

3 years ago

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DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

Ortom, FG Seal Agreement To Clear Benue State’s N84 billion Debts

Flutterwave To Take On $20 million Debt, As It Moves To Buy Struggling UK Firm, Railsr

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

5,000 Entities Owe Buhari Govt N5.2 trillion

Bake Bigger Cake, Not Bigger Debt, Atiku Tells Buhari Govt

“Nigeria’s Debt Stock Rose To N39.56trn In 2021”

AMCON Reports 1000 ‘Serial’ Debtors To Nigerian Lawmakers

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