In 8 Months, Gencos Incur N362bn Debt
Power generation companies are owed a total of N361.67bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to August this year.
The government-owned NBET buys electricity in bulk...
Nigeria’s Debt Rises To $84bn Under Buhari - PRP
Malam Falalu Bello has raised the alarm over skyrocketing debt profile under President Muhammdu Buhari, rising from $10 billion in 2015 to $84bn. Bello was at different times the managing director of Unity, Habib and Intercity...
Nigeria Set to Overturn P&ID’s $9.6bn Claim
…As UK Court okays FG’s Plea
The Nigerian Government has moved closer to overturning the US$9.6 billion judgement debt awarded against it in favour of Process and Industrial Development Limited (P&ID) by a United Kingdom court in what is...
AMCON Solicits Judiciary’s Support To Recover N5.4trn Debt
the Asset Management Corporation of Nigeria is seeking the support of the judiciary to recover over N5.4tn debt owed the corporation by chronic debtors.
The Managing Director/Chief Executive Officer, AMCON, Mr Ahmed Kuru, said this at the 2019...
AMCON’s Debt Could Be N6.6trn By 2024
A Legal consultant and Senior Partner, Olaniwun Ajayi -LP, Muyiwa Balogun has said the Asset Management Corporation of Nigeria (AMCON) debt could rise to N6.6 trillion by 2024 from current N5 trillion if unchecked.
Balogun who spoke in Abuja,...
AMCON’s Debt May Hit N6.6trn By 2024
The debt of the Asset Management Corporation of Nigeria (AMCON) may rise from the current value of N5trn to a N6.6trn by 2024.
A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun, who said this, noted...
