Nigeria’s Debt Hits $100bn, Stakeholders Express Concern   Stakeholders at the African Conference on Debt and Development (AFCODD) have raised concerns about Nigeria’s rising debt profile as the country’s debt stock stood at $100billion as of March 2022. A breakdown by the Debt Management Office (DMO) revealed...

Undisbursed Loans Raise Nigeria’s World Bank Debt To $21.15bn   Undisbursed loans may drive Nigeria’s debt to the World Bank from $12.72bn to $21.15bn. This shows that the yet-to-be disbursed loans can increase Nigeria’s debt to the lending institution by 66.27 per cent. The audited financial statements of...

NBC Shuts AIT, STV Others Over N2.6bn Debt The National Broadcasting Commission, on Friday, directed the African Independent Television, Silverbird Television and the broadcasting corporations run by various state governments to shut down their operations within the next 24 hours over debts amounting to at...

Nigeria’s Debt To World Bank Increases By $660m The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022. This is according to data from both the Debt Management Office and the financial statements of the...

Inflation, Forex, Debt Killing Economy - LCCI   The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing debt burden, inflationary pressure as well as the worsening foreign exchange crisis in order to save...

We Recovered N1.4trn Bad Debt - AMCON Boss   The Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has recovered about N1.4trn, which comprises of cash N681bn; Property Forfeiture N279bn; Share Forfeiture N140bn; and other strategic assets N208bn. Similarly, a...