AMCON Charged On Recovery Of N5trn Debt
The Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the Asset Management Corporation of Nigeria (AMCON) to do everything with the powers of its newly amended Act to recover the huge debt owed the corporation by a...
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...
