Contractors Continue Agric Ministry Picketing Over N17bn Debt   Aggrieved contractors owed over N17bn by the Federal Ministry of Agriculture and Rural Development are mobilising to stop the FMARD’s minister from gaining entry into his office again on Friday (today). About 50 members of the Concerned Unpaid...

Contractors Threaten Agric Ministry Over N17bn Debt     Contractors that handled the 2018 procurement in the Ministry of Agriculture and Rural Development, have threatened to take legal action against the Ministry over N17billion debt The leader of the Group, Daniel Mozie, yesterday said they had picketed the...

Indigenous Oil Producers May Collapse Over N3.4trn Debt Exposure   Many indigenous crude oil producers are on the brink of liquidation following the raging COVID-19 pandemic, an expert, Abiodun Adesanya has warned. Adesanya, a former vice president of the Nigerian Association of Petroleum Explorationists (NAPE) lamented that...

Debt: UNCTAD Seeks $3.4trn Write-off For Nigeria, Others   The United Nations Conference on Trade and Development (UNCTAD) is calling for urgent measures to address the debt burden estimated at $3.4trn in Nigeria and other developing countries facing economic disaster as a result of the coronavirus...

Nigeria’s Debt Stock May Hit N30trn With New Loans   If Nigeria succeeds in borrowing the proposed $6.9bn from international lenders including the World Bank, the African Development Bank and the Islamic Development bank to help counteract the impact of coronavirus on the economy, the country’s...

Nigeria, Others Seek Debt Relief From World Bank     The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus pandemic on the economies of countries within the region. They said the...