By: Evang. George Agbo Introduction: To every success in life, there is a secret. In the same way, to every notable miracle you have ever seen, there is a corresponding secret that must be known and practiced effectively by every believer in order to replicate such miracle. It is expedient to know that miracles are […]

Asset Management Corporation of Nigeria, AMCON, Thursday secured the approval of the Federal High Court sitting in Lagos to arraign Ifeanyi Ubah and his Capital Oil and Gas Limited over the fraudulent value of assets tendered to offset N132 billion owed the corporation.

The Federal Capital Territory, FCT, Administration has disclosed its ambitious drive to rake in at least N3 billion revenue from outdoor advertising by May 2020

By Lawani Mikairu Nigerian Airspace Management Agency, NAMA, has given a final 30- day notice to airlines and Airports owning the Agency. According to the Spokesman of the agency, Mr Khalid Emele, services will be withdrawn to the debtor airlines and airports after the expiration of the notice. Emele said: ” Airspace Management Agency (NAMA) […]

The African Development Bank (AfDB) says the total debt stock of Africa, both external and domestic currently stands at 500 billion dollars. The AfDB President, Dr Akinwumi Adesina disclosed this during a public presentation of African Economic Outlook 2020 in Abidjan on Thursday. He said Median Debt to Gross Domestic Product (GDP) had risen from […]

The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion. The Director-General of DMO, Ms Patience Oniha, made this known during a presentation of Public Debt Data as at September 30, 2019, in Abuja on Friday. Oniha explained that the debt comprised the Federal Government and 36 […]

Targets 100 per cent performance for Y2020 budget By Emeka Anaeto and Olasunkanmi Akoni In spite of the increasing budgetary provision which has risen to N1.168 trillion for the year 2020, Lagos State Government debt profile presently stands at N39.692 billion. Commissioner for Finance, Mr Rabiu Olowo and his Economic Planning and Budget, Mr Sam […]

Emma Ujah The Debt management office (DMO) has clarified that the External Borrowing Plan for which the Federal government is seeking National Assembly approval stands at $22.7 billion and not $29.9 billion as widely reported in the media. DMO in a statement last night also said that the borrowing plan involved mainly concessionary loans. It […]

  Following the request of President Muhammadu Buhari to the National Assembly for permission, the Manufacturers Association of Nigeria (MAN) bemoaned that the rising debt profile is now a “cause of concern.” The Director-General of MAN, Segun Ajayi-Kadir, said: “In my opinion, the 39 emergency projects in the power, agriculture, transport & mining sectors of […]

By Victor ‘Tunde Oso & Nkiruka Nnorom With Nigeria’s debt stock growing by 3.11 per cent from $81.27 billion recorded in the first quarter of 2019 to $83.88 billion (N25.70 trillion) at the end of June 2019, economists are almost unanimous in opposition to President Muhammadu Buhari’s request to the National Assembly last week for […]