September 10
Nigeria: New Ndphc Boss, Adighije, Visits Nerc, Says Firm to Embark On Debt Recovery Drive
·Declares company has largest generation capacity in power sector Read more »
September 09
Nigeria: How FG Spent $2.78bn On Debt Servicing in First Seven Months of 2024
The federal government of Nigeria spent a total of $2.78 billion on debt servicing in the first seven months of 2024, data released by the Central Bank of Nigeria (CBN) has… Read more »
August 21
Nigeria: NNPC Employee Benefits Rise 118.7 Percent Y-O-Y, Company Reduces 221,000bpd Staked in N6.5 Billion Debt
The total employee benefits paid by the Nigerian National Petroleum Company Limited (NNPC) to its workers rose 118.73 per cent year-on-year, the national oil company's newly… Read more »
Nigeria: ·Laments Over N600bn Debt / TCN - N1.7tn Required to Complete 129 Ongoing Transmission Projects Nationwide
·Regrets difficulty in clearing goods at the ports Read more »
August 08
Nigeria: Court Declines Request to Stay Execution of N1.08bn Judgement Debt
Justice Rabiu Gwandu of the National Industrial Court, Lagos Division, has rejected an application praying the court to stay execution of N1, 086,611,589.11 judgement awarded in… Read more »
July 02
Nigeria: Nigeria's Mounting Debt Crisis Calls for Immediate Legislative Action - Adebajo
Amidst a sharp rise in Nigeria's external debt to approximately $45 billion and an exodus of investors, the Chief Executive of CFG Advisory, Tilewa Adebajo, has emphasised the need… Read more »
June 26
Nigeria: MPC - Domestic Financial Conditions Tight, Putting Pressure On Public Debt Service
Nume Ekeghe Read more »
June 24
Nigeria: Court Freezes Swift Networks, CEO's Accounts in All Banks Over Alleged Debt
Justice Y. Bogoro of a Federal High Court in Lagos has temporarily barred further transactions in the bank accounts belonging to Swift Networks Limited, over alleged debt to Union… Read more »
June 10
Nigeria: Nigeria's Debt Service Gulped $854m in May, Highest in Four-Years
Data obtained from the Central Bank of Nigeria (CBN), has reveals that Nigeria's external debt service payments in May 2024 amounted to $854 million, the highest monthly debt… Read more »
June 04
Nigeria: Cardoso Seeks Routine Disclosure of Debt Portfolios, Borrowing Activities to Build Trust
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday called for routine disclosure of debt portfolios and borrowing activities. Read more »
May 19
West Africa: Nigeria Police Force As Debt-Recovery Agency
Notes for File Read more »
April 30
Nigeria: Oil Marketers Threaten Nationwide Strike
The Chairmen, Forum of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Tuesday threated to embark on a nationwide strike over the N200 billion bridging debt owed… Read more »
April 01
Nigeria: And the Borrowings Continue...
The spate of borrowing is excessive Read more »
July 24, 2023
Nigeria: Afenifere to Tinubu - Seek $13 Billion Debt Forgiveness From Creditors to Stabilise Economy
The pan-Yoruba socio-political organisation, Afenifere, has called on President Bola Tinubu to take five-pronged approaches to prevent the country from total socio-economic… Read more »
May 01, 2023
Nigeria: Failure to Recover Amcon's N4tn Debt Will Hurt Economy, Kuru Warns
*Urges stakeholders not to allow few debtors escape with our commonwealth Read more »
April 17, 2023
Africa: Debt, Debt Everywhere...
Rising debt waves across the world remains a major risk for global financial stability and undermines efforts to engender sustainable development. Read more »
February 17, 2023
Nigeria: Nigeria, Our Ballooned Debt and Our Great Grand Children's Burden
Today, our country's debt is about ten or more times what it was at the start of this present government. Compared with the size of our economy, this is the largest it has been… Read more »
February 06, 2023
Nigeria: $4.6m Debt - Lionstone Offshore Denies Indebtedness, Alleges False Representations
The Chairman and Chief Executive Officer of Lionstone Offshore Services Limited, Mr. Amaechi Ndili, has denied owing Hercules Offshore Nigeria Limited to the tune of $4.6 million. Read more »
January 19, 2023
Nigeria: Emefiele Appeals Against Summon in $53m Judgement Debt Suit
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has appealed against the judgment of a Federal High Court, Abuja, which compelled him to appear before the… Read more »
January 18, 2023
Nigeria: $53m Debt - Emefiele Appeals Against Summons
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has appealed against the judgment of a Federal High Court, Abuja, which compelled him to appear before the… Read more »
January 16, 2023
Nigeria: How Govt Spent $14.37bn to Service World Bank, Other Debts in 8 Years
Amid fears that debt services and payments is constituting a major threat to Nigeria's economy, it has emerged that the federal government spent a whooping $14.37billion in eight… Read more »
December 19, 2022
Nigeria: Nigeria's Debt Service-to-Revenue Ratio At 83.0% Worrisome
Following the recent disclosure by the Debt Management Office (DMO) on Nigeria's Debt stance, analysts have stressed that Nigeria's debt is at the highest level and is worrisome at… Read more »
December 12, 2022
Nigeria: Edo Not Listed Among Top Most Indebted States in Nigeria
Edo State is no longer on the list of top ten most indebted states in Nigeria, a statement disclosed yesterday. Read more »
October 14, 2022
Nigeria: Nigeria Has Not Approached Us for Debt Restructuring, Says World Bank President
The President of the World Bank Group, Mr. David Malpass, yesterday disclosed that Nigeria was yet to approach the bank for debt restructuring. Read more »
October 13, 2022
Nigeria: Nigeria Seeks Debt Restructuring From IMF, World Bank
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed yesterday disclosed that the Nigerian government was in talks with the International Monetary Fund (IMF)… Read more »