Tag: Debt
Nigeria’s Public Debt Increases by N24.33 Trillion in Three Months, Reports...
The Debt Management Office has announced that Nigeria's total public debt has surged to N121.67 trillion, marking a substantial increase of N24.33 trillion or...
Beyond Liability: The Strategic Power of Debt Financing
Often times, the question arises as to why big companies with huge revenues and reserves still hold and incur debt. In simpler terms, why should...
JUST IN: All loans cleared due to system error will be...
A system error in MTN Nigeria’s system has led to the disappearance of debt on the accounts of subscribers who had borrowed airtime/data from...
Man Kills His Creditor Over Unpaid N485,000 Debt In Kebbi
In a deeply distressing turn of events, Aminu Bello has been taken into custody by the Kebbi State Police following the alleged murder of...
Nigeria spent 41% of 2022 revenue on debt service – Minister
The federal government spent 41 per cent of the revenue generated in 2022 to service its N44.06 trillion debt, the Minister of Finance, Budget...
Policeman ‘killed himself over failure to repay debt’
Policeman 'killed himself over failure to repay debt'
NEWS DIGEST - An Inspector of Police attached to the Osisioma Mobile Police Force Unit (Mopol 55)...
Adamawa Commissioner dragged to court over unpaid N1m debt
Adamawa Commissioner dragged to court over unpaid N1m debt
NEWS DIGEST - A serving commissioner in Adamawa state, Honourable Sanusi Faruk was arraigned alongside two...
DMO says Nigeria’s total debt stands at N28.628 trillion
According to the Debt Management Office, on Thursday, Nigeria's total debt profile is now at N28, 628, 493.63 trillion.
This figure, which is contained on...
Debt: Nigeria risks bankruptcy under Buhari, says Obasanjo
Debt: Nigeria risks bankruptcy under Buhari, says Obasanjo
NEWS DIGEST - A former president, Olusegun Obasanjo, has said that Nigeria’s current debt situation is closer...
Justice ministry needs N30bn yearly to clear N150bn debt–Malami
Justice ministry needs N30bn yearly to clear N150bn debt--Malami
NEWS DIGEST--The Attorney-General and Minister of Justice, Abubakar Malami, on Wednesday, said debt judgements incurred by...