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...
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...
