NDIC Recovers N28bn Debt, Pays Insured Depositors Of Failed Banks N11.50bn   The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim yesterday said a total of N11.50 billion had been paid to depositors, creditors, shareholders and other stakeholders of closed financial...

Oil Marketers Urge FG To Hasten Payment Of N650bn Debt Oil marketers have appealed to the Federal Government to hasten payment of over N650 billion subsidy arrears to save their assets from being taken over by banks. The marketers, under the aegis of Major Oil Marketers...

Power Gencos Gear Up For Force Majeure Over N600bn Debt Electricity generation companies (Gencos) in Nigeria’s power sector may be forced to declare force majeure on their operations anytime soon on account of accumulated debts owed them by the market since 2013, a document seen...

Cocoa Processors Groan Under N50bn Debt, Huge Losses Cocoa processors are currently regretting sinking billions of naira into the cocoa value addition business with little or nothing to show for it even as they face constant harassment from creditors, ANNA OKON writes Cocoa processors in Nigeria...

DMO DG: How FG’s Debt Strategy Boosts Liquidity For Real Sector ...Treasury Bills issuance reduced by half ...External borrowing boosts reserves by $6bn ...N830bn injected to local market   Going to the international capital market to borrow is a deliberate policy to help Nigeria boost its external reserves, reduce...

Debt: Power Distribution Firms Owe NBET N859bn   The indebtedness of power distribution companies to the Nigerian Bulk Electricity Trading Company has risen to N859bn. As a result, the NBET has accumulated a total debt of N325.784bn, which is meant for the payment of power produced by...