Tag: Debts
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Just in: Senate receives report on local and foreign debts
The Senate has received the committee report on local and Foreign debts. Presenting the report, the deputy chairman of the committee, Senator Haruna Manu (PDP Taraba central), noted that programme for the refund to Kebbi and Nasarawa state government on the newly constructed airports projects executed on behalf of the Federal government of Nigeria. Haruna…
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Kano: Ganduje leaves N241bn debts
The outgoing Governor of Kano State, Abdullahi Ganduje, on Monday handed over the state administration to the incoming Governor, Malam Abba Yusuf, alongside N241 billion debt. The event took place at the Government House, Kano.
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“National debt hits N46tn in fourth quarter of 2022” -DMO reveals
The Debt Management Office, DMO, on Thursday, revealed that Nigeria’s total public debt stock increased to N46.25tn or $103.11bn in the fourth quarter of 2022. The latest figure has made members of the organised private sector and economists to predict that tougher days are ahead for Nigerians and firms. The national debt as of September,…
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FCTA to seal up govt. offices, hotels to recover N10b waste collection debts
The Abuja Environmental Protection Board (AEPB) says it may lockdown some government offices, hotels, Plazas and other business premises due to debts owed the board. The Director of AEPB, Mr Osilama Briamah, made the disclosure in a statement, on Monday in Abuja.
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BREAKING: Obiano left N300m cash and over N100bn debts – Soludo
Newly sworn-in Governor of Anambra State, Prof Charles Soludo has revealed his predecessor, Willie Obiano left N300 million cash and a debt of over N100 billion as of December 2021. TheNewsGuru.com (TNG) reports Soludo made this revelation on a national television programme on Tuesday.
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My administration has good track record of paying debts, Buhari appeals to striking doctors, others to return to work
President Muhammadu Buhari has called on health workers, including members of the National Association of Resident Doctors (NARD) to return to their duty posts.
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AMCON takes over Jimoh Ibrahim’s assets, freezes accounts over N69.4bn debt
The Asset Management Corporation of Nigeria (AMCON) has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim, and frozen all his accounts over his N69.4bn. The seizure of the assets is pursuant to an order by Justice R.M. Aikawa of a Federal High Court, in Lagos. AMCON on Wednesday took effective…
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Obasanjo rings alarm bell again: Nigeria heading towards bankruptcy
Former President Olusegun Obasanjo has said Nigeria risks impending bankruptcy over the continuous accumulation of debt by the government. Obasanjo said things might get worse economically as Nigeria, as well as other African countries, kept piling up debts, saying he was worried for the future generations who would have to pay such loans. The ex-President…
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Osinbajo directs ‘next steps’ in recovery of N5trn AMCON debts
The Vice-President, Prof. Yemi Osinbajo, has directed that new approaches to be adopted in the recovery of debts owed the Assets Management Corporation of Nigeria (AMCON). Osinbajo’s spokeman, Mr Laolu Akande, in a statement on Tuesday in Abuja said the directive was part of the Federal Government’s renewed effort to ensure the effective recovery of…