Debt: FG Disconnects Discos From National Grid   Millions of electricity consumers may be plunged into darkness in the coming weeks as the Federal Government via the Transmission Company of Nigeria and the Market Operator have begun a massive disconnection of debtor electricity distribution companies (DisCos)...

AMCON Heightens Moves To Recover Over N4trn Debt   The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru, said the corporation is taking more steps to recover the over N4 trillion government debts from private individuals. Kuru stated this at the weekend when...

Report Revealed Eight States Got Zero Investment In Four Years   At least eight states failed to attract any foreign investments but piled up N194.09bn debt between 2019 and 2022. Data from the Capital Importation reports of the National Bureau of Statistics revealed that Bayelsa, Gombe, Ebonyi,...

Nigeria’s Indebtedness To World Bank Hits N6trn   Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of President Muhammadu Buhari. Economic Confidential learnt that the total debt owed to the World Bank Group by Nigeria rose by $7.64bn (N3.52tn, using...

Debt: Nigeria Defaults In Repayment To China, Penalties Stand At N41. 31bn   Nigeria has failed to service its debt to China which has accumulated to N110.31 billion in the last two years. According to report by the Debt Management Office (DMO), the China debt stock...

VIDEO: Nigerians Condemn Incessant Borrowings, Want Next Administration To Look Inwards https://youtu.be/HUWFU0_oIUs Barely six weeks to the expiration of the Muhammadu Buhari administration, Nigerians have expressed displeasure over its management of the economy especially the humongous debt burden it is leaving behind. The seemingly angry Nigerians said...