N1.3bn debt: AMCON takes over assets of Unicorn Place & Leisure Services Limited
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Ike Nwabuoku, the Chief Promoter of Unicorn Place & Leisure Services Limited due to non-payment of N1.3 billion debt. The company in a statement said the action follows the order of Honourable Justice Saliu Saidu of the Federal High Court, Lagos division. […]
$30bn borrowing: Debt service to gulp 80% of FG’s revenue
The federal government will be using about 80 per cent of its revenue as interest payment on its debt which may rise to $104 billion should the National Assembly approve the request to borrow an additional $30 billion.
DMO puts Nigeria’s total debt profile at N25.7 trn
By Tordue Salem – Abuja The Debt Management Office (DMO) has told the House of Representatives yesterday that Nigeria’s total debt profile is now N25.7 trillion. The Director-General of the office, Ms Patience Oniha, made this known while addressing the House Committee on Public Account on Friday in Abuja. “As at June 2019, our debt […]
Nigeria’s debt profile now N25.7 trn
The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion.
APC accuses PDP led Govt. of plunging Delta into N600bn debt
…..As PDP keeps mum Perez Brisibe, Ughelli The Delta State chapter of the All Progressives Congress, APC have accused the Peoples Democratic Party, PDP led government of Delta State of allegedly plunging the state into a debt of over N600billion naira. The party in a statement over the weekend while citing the 2018 Economic Confidential […]
High debt service, budget deficit, insecurity discouraging investors — Financial experts
Some financial experts on Monday attributed the incessant lull on the Nigerian Stock Exchange (NSE) to various economic dislocations in the country. The financial experts, who spoke to Newsmen in separate interviews in Lagos, noted that uncertainties in the economy were discouraging investors from investing in the market.
