N2bn Debt: AMCON Takes Over Firm’s Assets   The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over N2 billion debt. The move by the corporation followed an order of Honourable Justice I. N. Buba of the Federal High Court...

Managing Nigeria's Debt Burden: An Agenda for Incoming Administration, by Zeenat Sambo   Over the past few decades, Nigeria has experienced significant economic growth and development, but it has also experienced a growing debt burden, which has been a major concern for policymakers and analysts. In the...

In Three Months, FG Borrowed N3.17trn   The money borrowed by Federal Government in the first quarter stood at more than N3.17 trillion, records have revealed. Data obtained by The Nation Economic Intelligence showed that the government had raised N3.17 trillion in the past three months through...

Nigeria’s Debt Rose To N46.25trn In 2022 – DMO   The Debt Management Office (DMO) has stated that Nigeria’s debt profile as of December 31, 2022 is N46.25 trillion or $103.1bn. In a statement yesterday, DMO said there was an increase of over N7tr from what the...

DMO Promises Not To Exceed 2023 Borrowings As FG Borrows N2.13trn In Two Months The Debt Management Office (DMO) has assured that it will not exceed the legally approved new borrowing in the 2023 Appropriation Act. The DMO was reacting to a report that the Federal...

NCAA Threatens To Withdraw Airlines’ Licences Over N46bn Debt   The Nigerian Civil Aviation Authority (NCAA) on Tuesday, said it would withdraw the licenses of domestic airlines within 30 days beginning from August 30, 2022, if the airlines fail to sign a Memorandum of Understanding on...