May 21

• Nigeria: CAC Asks Court to Wind Up Insurance Firm Over N440 Million Debt

  The Corporate Affairs Commission (CAC) has dragged Alliance and General Life Assurance Plc before a Federal High Court in Lagos seeking the winding up of the insurance company over... Read more »

May 17

• Nigeria: DMO Puts Country's Debt At N8 Trillion

  Barely 24 hours after the Minister of State for Finance, Dr Yarima Ngama, gave the debt profile of the country as N6 trillion, a new figure of N8.07 trillion, being the total... Read more »

April 16

• Nigeria: LCCI Flays Debt Burden On 2013 Budget

  The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the high cost of debt service in the nation's 2013 budget, stating that it presents a much bigger... Read more »

April 12

• Nigeria: Etisalat Nigeria To Raise U.S.$500 Million Debt

  The Nigerian operation of United Arab Emirates phone operator, Etisalat will raise $500 million in debt from local banks to expand its network this year. Read more »

April 1

• Nigeria: Nigeria Has Highest Interest Rate, Lowest External Debt Among MINTS

  With a monetary policy rate, that is, the benchmark interest rate of 12.00 per cent, Nigeria has the highest rate among the MINT countries, a report by the International Monetary... Read more »

• Nigeria: When States Pile up Debts [analysis]

  State governments will continue to go the extra mile in raising funds for developmental projects, but analysts warn that piling up debts instead of complimenting allocations from... Read more »

March 28

• Nigeria: Power - FG Pays U.S.$104.2 Million Debt As CMEC-Pacific Gets Offer for Omotosho Plant

  The Bureau of Public Enterprises (BPE) said Wednesday it had transmitted an offer letter to China National Machinery and Equipment Import and Export Corporation (CMEC-Pacific) with... Read more »

March 25

• Nigeria: AMCON Asks Court Compel Ogboru to Pay Debt

  The Asset Management Corporation of Nigeria (AMCON) has told a Federal High Court in Lagos not to allow a former Delta State governorship candidate, Great Ogboru, go away with the... Read more »

March 19

• Nigeria: Why Bayelsa Failed DMO's Debt Sustainability Test

  The Bayelsa State Government Monday blamed its poor performance in the domestic debt sustainability analysis conducted by the Debt Management Office (DMO) on the inherited debt... Read more »

March 13

• Nigeria: General Electric Loses Appeal Against U.S.$5.5 Million Judgment Debt

  The Court of Appeal sitting in Port Harcourt yesterday struck out the appeal filed by a United States-based multinational corporation with a strong presence in Nigeria, General... Read more »

• Nigeria: DMO - Why FG Is Issuing U.S.$1 Billion Eurobond

  The Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, has said the Federal Government will be issuing a $1billion Eurobond at the international capital... Read more »

March 12

• Nigeria: N41.8 Billion Judgment Debt - Zaki-Ibiam People Disown Benue Govt

  Plans by the Federal and Benue State Governments to negotiate the payment of N41.8 billion compensatory damages awarded the victims of 2001 Zaki-Ibiam armed soldiers invasion for... Read more »

March 6

• Nigeria: Nigeria Owes Obasanjo a Debt of Gratitude, Says Jonathan

  President Goodluck Jonathan Tuesday congratulated former president, Chief Olusegun Obasanjo, on his 76th birthday anniversary, stating that Nigeria owes Obasanjo a debt of... Read more »

March 5

• Nigeria: DMO - Public Sector Debt is Sustainable

  Amid rising concerns over the country's debt profile, the Director-General, Debt Management Office (DMO), Dr. Abraham Nwankwo, insisted yesterday that the country's current public... Read more »

February 26

• Nigeria: Domestic Debt - FG to Retire N75 Billion Bonds

  The Federal Government is set to retire bonds amounting to N75 billion this week as it moves to jumpstart its strategic plan to tackle the nation's huge domestic debt through a... Read more »

February 22

• Nigeria: FG to Sanction MDAs Over N24 Billion Insurance Premium Debt

  The Federal Government has vowed to sanction any ministry, department and agency (MDA) of government which continues to fail to remit its insurance premium to insurance companies... Read more »

February 20

• Nigeria: N13.5 Billion Debt - Babalakin, AMCON Consider

  Roygate Properties Limited, owned by businessman-lawyer, Dr. Wale Babalakin, and the Asset Management Corporation of Nigeria (AMCON) have commenced talks aimed at ensuring an... Read more »

February 13

• Nigeria: Pay Your Debt, AMCON Tells Babalakin

  The Asset Management Corporation of Nigeria (AMCON) Tuesday advised the Chairman of Bi-Courtney Group, Dr. Wale Babalakin, to pay his debt instead of embarking on gimmicks aimed at... Read more »

February 11

• Nigeria: AMCON Seizes Babalakin's Properties Over N13.5 Billion Debt

  Armed policemen and bailiffs from the Federal High Court, Lagos at the weekend, took over and sealed off a high rise building on 43A, Afribank Street, Victoria Island, Lagos owned... Read more »

January 31

• Nigeria: Judges Appointed to Handle AMCON Debt Recovery Cases

  The Chief Judge of the Federal High Court, Justice Ibrahim Auta, has designated seven judges of the court to handle debt recovery petitions filed by the Asset Management... Read more »

January 17

• Nigeria: DMO to Auction N360 Billion Bonds in First Quarter

  The Debt Management Office (DMO) plans to raise between N210 and N360 billion in sovereign bonds this quarter. Read more »

January 8

• Nigeria: NNPC Secures U.S.$1.5 Billion Loan to Finance Fuel Imports

  The Nigerian National Petroleum Corporation (NNPC) has obtained a $1.5 billion syndicated loan to help it pay debts to international fuel traders, Reuters reported Monday, quoting... Read more »

January 2

• Nigeria: Afenifere Group Decries Nigeria's Debt Profile

  A pan-Yoruba socio-cultural and political group, Afenifere Renewal Group (ARG), has decried Nigeria's increasing debt profile, saying it is ironic that the same Minister of... Read more »

December 31, 2012

• Nigeria: AMCON Approaches Debt Recovery With Human Face, Says Chike - Obi [interview]

  THE RUNNING BATTLE BETWEEN COSHARIS/ACCESS BANK AND CAPITAL OIL/ IFEANYI UBAH ON THE ALLEGED FRAUDULENT DIVERSION OF PRODUCTS JOINTLY FINANCED BY ACCESS BANK AND COSHARIS IS YET TO... Read more »

December 28, 2012

• Nigeria: World Bank - Nigeria, Others Record U.S.$4.9 Trillion External Debt

  The combined external debt stock for Nigeria and other developing countries increased by $464 billion to $4.9 trillion at the end of 2011, a report by the World Bank has shown. Read more »