Reps Threaten Bank With Takeover Over Debt   The House of Representatives, on Thursday, threatened that it will ask the Central Bank of Nigeria to take over the ownership of Heritage Bank of Nigeria for owing the Federal Government more money than its entire share capital. The...

NCAA To Decommission 7,012 Masts Over N5.96bn Debt   The Nigeria Civil Aviation Authority (NCAA) has again threatened to decommission telecommunication masts belonging to operators that are indebted to the regulatory body. Worst hit will be Globacom Nigeria Limited; whose alleged debt of N5.96 billion has put...

Nigeria’s Debt Service To Revenue High – AfDB President   President of the African Development Bank (AfDB), Akinwumi Adesina has said Nigeria’s debt service to revenue ratio is high. Adesina who made the disclosure yesterday at the opening of a two-day mid-term ministerial performance review retreat in...

Nigerians Have Right To Be Worried About Our Constant Borrowings - Buhari   President Muhammadu Buhari has said that the frequent borrowings by his administration is a matter of necessity. The President said the country’s debt profile is still within a sustainable level. He said this while presenting...

Why We Continue To Borrow - Fed Govt             The Federal Government on Thursday descended on critics of its frequent request for fresh loans describing them as insincere. The Minister of Information and Culture, Lai Mohammed, spoke for the government during a town hall meeting in Maiduguri,...

Court Dismisses AMCON's Suit Against Nigerian Senator Over Alleged N600m Debt           A Federal High Court in Abuja on Thursday lambasted the Asset Management Corporation of Nigeria (AMCON) for fraudulently obtaining an order to seize houses belonging to one Senator Buhari Abdulfatai over alleged N600M debt. Justice...