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...

Debt: DMO Advises Public Sector On Transparency   As concerns on growing debts of developing countries rise, it is important for public financial managers to be conversant with debt transparency and services among other issues. The Director-General, Debt Management Office, Patience Oniha, said this while making a...

N900m Debt: AMCON Takes Over Buba Galadima's Assets   A Federal High Court sitting in Abuja, in Suit No. FHC/ABJ/CS/1136/2019 has ordered the Asset Management Corporation of Nigeria to take over the business and assets of Bedko Nigeria Limited and Alhaji Buba Galadima. A statement from the...