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 generating enough revenue, the Federal Government has been issuing several

April 6, 2023

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 swap deal will clear about N84 billion borrowed under Governor

April 4, 2023

Business·Technology

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 in 2016. The financial technology company makes financial products and

January 12, 2023

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, Patience Oniha, the country’s debt stock is a cause for

January 5, 2023

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 Finance, Budget and National Planning, Victor Omata, who represented Zainab

December 15, 2022

News·Politics

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 quarter (April- June) of 2022 but should address the country’s

August 30, 2022

News

“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 latest development at a media briefing in Abuja just recently.

March 18, 2022

AMCON submits list of Top 1000 Debtors to National Assembly

News

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.

November 19, 2021

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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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