FIRS Extends Tax Debt Payments Deadline To August 31     The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31, 2020. Its Executive Chairman,...

Fed Govt Writes Off N4.2bn Debt For Radio, TV Stations     The Federal Government has decided to write off 60 per cent of the N7bn owed by radio and television stations in licensing and renewal fees. The government has also slashed the existing licence fee by 30...

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...