Reps Summon NNPC, NAPIMS, Others Over $16.5m Debt     The Nigeria National Petroleum Corporation (NNPC) and multi-national oil company, Agip, yesterday failed to appear before the House of Representatives Committee on Petroleum Upstream over an alleged failure of Agip to pay a $16.5 million debt to...

LCCI, Expert Worry As Debt Profile Increases By 127%     Stakeholders in the economy have expressed worry over the capacity of the country to service its rising debt profile. In an interview with our correspondent, the Director-General, Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, said...

OPS Demands Account For N35trn Debt In Ten Years     The Organised Private Sector (OPS), has challenged the Federal Government to give a proper account for over N35 trillion accumulated debt in the last 10 years. They argued that just over a decade after Nigeria got debt...

AMCON Develops Strategies To Recover N5trn Debt     The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr Ahmed Kuru, has said the corporation has developed a new receiver framework for its recovery agents. As part of the corporation’s efforts to recover the outstanding N5tn debt,...

Explore Equity Financing, Less Debt, LCCI Tells FG   The Lagos Chamber of Commerce and Industry has cautioned the Federal Government against continued use of debt to meet its financial obligations. The President, Lagos Chamber of Commerce and Industry, Mrs Toki Mabogunje, in a statement on the...

Nigeria’s Debt Now N28.63trn     Nigeria’s total debt portfolio stands at N28.63trillion as at 31st March, 2020, the National Bureau of Statistics has disclosed. Its website report titled “Nigeria domestic and foreign debt first quarter 2020,” said in the period under review, the country’ domestic debt hits...