Domestic airlines decry FG’s ‘criminalisation’ tag over alleged N19bn debt.
The Airline Operators of Nigeria (AON) have decried the alleged ‘criminalisation’ of all domestic airlines over the outstanding N19 billion debt it was alleged to […]
debt
Court, police seize Andy Uba’s cars over N50 million debt
Officials of the Execution Unit of the Federal Capital Territory High Court in Abuja, working with officers of the Nigeria Police Force, on Tuesday, seized […]
Nigeria not debt distress, needs more revenue, says DMO
The Debt Management Office (DMO), says Nigeria does not face the risk of experiencing “debt distress” due to its 15.9 billion dollars Eurobonds. The News […]
Customers N1.2bn debt crippling Cross River’s water board — MD
Mr Victor Ekpo, Managing Director, Cross River Water Board, says that N1.2 billion debt being owed to the utility company by customers have affected its […]
N10b Debt: FCTA seals Ministry of Works, Federal Character Commission, others
The FCT Administration, on Tuesday sealed the Federal Ministry of Works, Federal Character Commission and Merit House Maitama over N10 billion waste collection debt owed […]
$418m Paris Refund: Governors appeal judgment
The Governors of the 36 states of the federation have appealed the Federal High Court judgment which dismissed their suit challenging the planned deduction of […]
NEITI report: Reps committee invites NNPC, NDDC, others for investigation
The House of Representatives ad-hoc Committee on the recovery of outstanding debts owned the Federal Government by Oil and Gas companies in Nigeria, has invited […]
NBET owes us N1.64trn, GenCos cry out
By BENJAMIN ORISEMEKE, Abuja – The Power Generation Companies (GENCOS), Sunday, alleged that the Nigerian Bulk Electricity Trading (NBET) owed them over N1.644 trillion. According […]
Court orders CBN to release NNPC’S N82bn debt to Akwa Ibom communities
The Federal High Court, Abuja, granted a garnishee order absolute, on Central Bank of Nigeria (CBN) to release N81.9 billion to Ibeno Local Government Area […]
SERAP sues Buhari’s Govt to ECOWAS Court over ‘secrecy in spending of loans, debt crisis’
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the government of President Muhammadu Buhari over the alleged […]
FG owes five oil companies $1.15bn cash call arrears, clears $3.53bn debt
A total of $3.53bn has been paid by the Federal Government to five international oil companies as cash call arrears repayment to the IOCs, leaving […]
FG borrows N13.6tn via bonds in 6 months amid rising deficit financing
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in […]
NCAA shuts Glo station over N4.7bn debt
The Nigeria Civil Aviation Authority has shutdown main switch centre of Globacom Limited at Wuse 2, Abuja over non-payment of outstanding debt of N4.7 billion. […]
Ayade inherited N400 billion debt from his predecessors – APC
PATRICK ABANG, Calabar – Chairman of the Cross River State Chapter of the All Progressives Congress (APC), Alphonsus Ogar has hinted that the Ayade-led administration […]
Court threatens to freeze Adamawa govt’s salary accounts over N84m debt
A Federal High Court, Abuja, has threatened to grant an Asset Management Corporation of Nigeria (AMCON) suit, seeking an order to freeze the Adamawa State […]
Reps Investigate N2.6trn debts owed FG by 77 oil firms
The House of Representatives has ordered an immediate investigation into debts totalling N2.6 trillion allegedly owed the Federal Government by oil and gas companies operating […]