Rivers, Lagos Lead As States Domestic Debts Hit N4.1trn   The total domestic debts for the 36 states of federation and the Federal Capital Territory stood at N4.1tn as of the end of March, 2020, the Debt Management Office has disclosed. According to the DMO, Lagos led...

AMCON Takes Over Pan Ocean Assets Over N240bn Debt   The Federal High Court, presided over by Justice A.M. Liman, in the suit between the Asset Management Corporation of Nigeria (AMCON) vs Everest Nominees Limited, and Dr. Bolaji Ogundare, a subsidiary of Pan Ocean Group, has...

Dangote Cement Raised N250bn In Debt Market– FMDQ     Dangote Cement Plc raised a total of N250bn in debt securities in the first half of this year, FMDQ Securities Exchange Limited has said. According to a statement, the debt securities range from its recent debut N100bn Series...

DisCos Want CBN Loans, Acquisition Debts Restructured     More than six and a half years after the nation’s power distribution and generation companies were privatised, the core investors in the Discos are looking to restructure the loans advanced to them by banks for the acquisition of...

Rising Debt: Nigeria, Others Face Fresh Rating Downgrade - Fitch       Fitch, world’s leading risk rating agency, has hinted that the median of government debt-to-gross Domestic Product, GDP, ratio for Nigeria and 18 other Sub-Sahara African Countries it rated in the region would rise to 71%...

NBET Owes Power Stations N120bn In Three Months     The Nigeria Bulk Electricity Trading Plc failed to pay 25 power producers a total of N119.55bn in the first three months of this year for the electricity produced and fed into the national grid. The government-owned NBET buys...