Tag: Debt
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Barca receive offer from UAE to sell €1.5bn debt
Barcelona have received an offer for their €1.5bn debt to be paid by a company from the UAE. El Curubito on 8tv reports the company is willing to purchase Barça’s debt with a favourable repayment plan included. The cited media ensures it would be a good deal for Barça, who would not have to pay…
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Photo: Man ‘arrests’, ties his debtor to a tree over N4.6m debt
Operatives of the Lagos State Police Command have arrested a man, Oluchi Okoye for tying his debtor over ₦4.6m Debt.
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Alleged N451bn debt: Produce receipts of tax payments by MTN, Reps tell FIRS
The House of Representatives Committee on Finance has asked the Federal Inland Revenue Service (FIRS) to submit receipts of the tax payments made by MTN to the agency for 2007 and between 2010 and 2017. The request comes as the committee observed during its interaction with the agency on Wednesday that MTN is indebted to…
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EFCC is not a debt recovery agency – Bawa
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, has cautioned members of the public not to drag the commission into business transactions gone awry. Bawa gave the advice while speaking as one of the panelists at the Alao Aka- Bashorun Memorial Lecture on Thursday in Lagos, stressing that the commission…
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FG laments over N37bn debt owed by airlines
The Federal Government has raised concerns over a 37 billion naira debt owed by airlines. The Minister of Aviation, Hadi Sirika told a media conference today that the airline debt owed agencies like Nigeria Airspace Management Agency (NAMA), Nigerian Civil Aviation Authority (NCAA), Federal Airport Authority of Nigeria (FAAN) has accumulated for over thirteen years…
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Nigeria’s debt profile hits N33.11 trillion
The National Bureau of Statistics (NBS) on Thursday said Nigeria’s debt profile hit N33.11 trillion in March, 2021. In its breakdown, it noted that N12.47 trillion, representing 37.67 per cent of the debt was external while 20.64 trillion, representing 62.33 per cent was domestic. This was made known in the NBS report titled “Domestic and…
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Nigeria’s debt profile hits N33.1tn
Nigeria’s total debt stock rose by N191bn in the first quarter of this year, according the figures released by the Debt Management Office on Wednesday. The DMO said the debt stock rose to N33.107tn as of the end of March 2021 from N32.916tn in December 2020 It said the country’s external debt however reduced due…
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Gunmen kidnap nine passengers in Katsina
At least 15 passengers were reportedly abducted by heavily armed gunmen suspected to be bandits on Sunday along the Tsakskiya-Ummadau road in Safana Local Government Area of Katsina State. However, police said only nine were abducted and four had been rescued by Operation Puff Adder. The passengers were ambushed in their vehicle as they returned…
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Nigeria missing as IMF grants debt pardon to 28 countries
Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF). TheNewsGuru.com, TNG reports that the Board has approved a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval followed…
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AMCON freezes dead AIG’s account over N63.7m debt
Six years after his death, a retired Assistant Inspector General of Police, Simeon Olasunkanmi Oduoye, is being asked to settle his debt, by the Asset Management Corporation of Nigeria (AMCON). AMCON has obtained an exparte order freezing the accounts of the late AIG, who died in 2014, to recover a debt of N63,739,508.48. The court…