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...

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...