IPMAN Supports NNPC On Recovering Marketers’ Debts   The North West wing of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said it supports the Nigerian National Petroleum Corporation (NNPC)’s move of not allocating petroleum products to any depot owner who fails to settle debts owed...

As FG Borrows N4.6trn, Debt To Hit N30trn   The Federal Government is planning to borrow fresh N4.6rtn within the next three years, covering 2020 to 2022, to finance its programmes, figures obtained from the Ministry of Budget and National Planning have revealed. If the N4.6tn new...

Outage Averted As KEDCO Settles Debts   What could have been a major power outage in Kano, Katsina and Jigawa states was averted yesterday as debt crisis between the Kano Electricity Distribution Company (KEDCO) and Market Operator(MO) has been settled. KEDCO Tuesday complied with payment of...

TCN,KEDCO Disagree Over Debt   The Transmission Company of Nigeria on Monday said it was not indebted to Kano Electricity Distribution Company. It also stated that the claim by KEDCO that the TCN flouted the power market rules was false, adding that the transmission company did not...

FG, States' Debt: MPC Members Raise Concern   Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the rising debts owed by the Federal Government and states in the country. The MPC members voiced their concerns at the last...

Nigeria’s Problem Is Revenue, Not Debt, Says Zainab Ahmed   Minister of Finance, Zainab Ahmed, has said that Nigeria does not have a debt problem, despite misgivings amongst experts over the country’s rising debt profile. Ahmed, who decried what she termed ‘insensitivity’ concerning the country’s debt situation,...