Tag: Debt
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Tour operators flay NAHCON over N15bn debt
Association for Hajj and Umrah Operators of Nigeria (AHUON) says the National Hajj Commission of Nigeria (NAHCON) is owing its members over N15 billion.
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Gov Oborevwori defrays N130bn of N465bn inherited debt
Gov. Sheriff Oborevwori of Delta has defrayed a total sum of N130 billion of the N465 billion inherited debt from previous administrations in the state.
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N180bn debt: EEDC to disconnect Government Houses, CBN, army, others
The Enugu Electricity Distribution Company (EEDC) has threatened to begin to disconnect Government Houses, Central Bank of Nigeria (CBN) offices, Nigerian Army and others in the South-East allegedly owing the company. The company issued the threat in a statement signed by it’s Head of Corporate Communications,
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FG to pay N130bn as part of gas supply debt
The Federal Government says it will soon begin the payment of N130 billion as part of gas supply debts in the Nigerian Electricity Supply Industry (NESI).
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Debt for growth is not bad – AfDB
The African Development Bank’s Chief Economist, Kevin Urama, says debt for growth for countries on the continent should not carry any negative connotation.
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Court orders Senator to repay N136m bank debt to AMCON
A Federal High Court, Abuja has ordered Sen. Victor Umeh to pay about N136 million to the Asset Management Corporation of Nigeria (AMCON) over his unpaid bank loan. Justice Inyang Ekwo, in a judgment in the suit marked: FHC/ABJ/AMC/12/2022,
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N3.4bn debt: Oyo A-G faults Makinde’s claim of lack of funds to pay
The Accountant-General (A-G) of Oyo State, Mrs K. O. Adegoke, has faulted claim by Gov. Seyi Makinde that the State lacked capacity to pay the N3.4 billion debt owed to former Local Government Areas (LGAs) chairmen and councillors sacked on assuming office on May 29, 2019.
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Many generations to come will pay our debt – Obasanjo
Former Nigerian President, Olusegun Obasanjo, has explained that the continent of Africa is highly indebted, saying that many generations to come will help to pay. Obasanjo added that here was no option for the next generations of Africans
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How ways and means shot Nigeria’s domestic debt to N55.93trn
The Debt Management Office (DMO) says there was a sharp increase in Nigeria’s total domestic debt stock between December 2022 and June.
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How Nigeria’s public debt stock rose to N87 trillion
Nigeria’s total public debt stock hit N87.91 trillion (114.35 billion dollars) as of Sept. 30, according to a statement by the Debt Management Office (DMO) on Wednesday in Abuja.