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...
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,...
