Nigeria’s Total Debt Now N35.4trn             Nigeria’s total Public Debt Stock (PDS) has reached N35.465 trillion as of June 30 this year, the Debt Management Office (DMO) has said. The Director-General of the Office, Patience Oniha revealed this on Wednesday in a virtual presentation. The latest...

Debt Servicing Gulps N11.679trn In Five Years             The federal government committed a total of N11.679 trillion into debt servicing while N8.31trillion was expended on capital/development expenditure between 2015 and 2020. A breakdown of the amount showed that in 2015 and 2016, N953.620 billion and N1.475...

FAAN Contractors Cry Out Over N140bn Debt       The controversy trailing the proposed concession of four international airports by the Federal Government took another dimension yesterday following revelations that the Federal Airports Authority of Nigeria (FAAN) owes contractors over N140bn. This is coming barely a week after...

Ibadan Disco Laments N8.5bn MDAs Debt       Ibadan Electricity Distribution Company Plc has said it is owed over N8.5bn by ministries, departments and agencies of government. IBEDC, which covers Oyo, Ogun, Osun and Kwara states as well as part of Kogi, Ekiti and Niger states, put the...

Anchor Borrowers: CBN Incurs N379bn Debt As Farmers Battle Insecurity       The Central bank of Nigeria recorded a shortfall of N378.5bn in loan repayment by beneficiaries under the Anchor Borrower’s programme in six years, data obtained from the findings apex bank have shown. Between November 2015, when...

Egbin Power Decries N388bn NBET Debt, Idle Capacity       Egbin Power Plc, the biggest power station in Nigeria, has said it is owed N388bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and fed into the national grid. The company disclosed this on Tuesday during...