AMCON’s Debt Now N4.4trn,Seeks External Support         The Management of Asset Management Corporation of Nigeria has called on all agencies of the Federal Government and all stakeholders to join its debt recovery drive to guide against the huge opportunity cost of not recovering its huge total...

Akwa Ibom, Lagos, Rivers, Lead In N4.19trn Subnational Domestic Debts       The domestic debts owed by state governments and the Federal Capital Territory rose to N4.19tn at the end of the third quarter of 2020, with Lagos, Rivers and Akwa Ibom as the three most indebted,...

Nigeria Owes Domestic Investors N15.8trn         The Federal Government is owing N15.85 trillion in domestic debts, with almost three-quarters of the debts due to bondholders. The fixed-return debts place obligation on the government to make regular interest or coupon payment and redemption as at when due. The latest...

Nigeria’s Debt Getting Out Of Control - El-Rufai         Nigeria’s debt is getting out of control and the country has to do something about it, the Governor of Kaduna State, Nasir El-Rufai, said on Thursday. He said the country’s domestic debt was getting to its debt ceiling...

NCAA, Airlines Settle On N22bn Debt         The Nigerian Civil Aviation Authority (NCAA) said yesterday it is developing a flexible payment plan to retrieve the over N22bn debts being owed by airline operators. Economic Confidential reports that the NCAA had recently vowed to impose sanctions for operators...

AMCON Seizes Jimoh Ibrahim’s Assets Over N69.4bn Debt         The Asset Management Corporation of Nigeria announced on Wednesday that it had taken possession of 12 assets belonging to Mr Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited, in...