NCC Sets To Settle N165bn Interconnect Debt In July The Executive Vice Chairman, Nigerian Communications Commission, Umar Danbatta, has said telecommunications companies in the country have agreed to settle the N165bn interconnect debt owed each other. Danbatta made this known when the President, Association of Telecommunications...

IMF Not Troubled About Nigeria’s Debt - Adeosun   The Minister of Finance, Mrs. Kemi Adeosun, has said that the International Monetary Fund is not troubled about Nigeria’s debt profile. Adeosun said that the country had enough capacity to repay its debt obligations estimated at N21.7tn. She explained...

Lafarge Africa Seeks To Boost Profit, Cut Debt By 2020   Lafarge Africa Plc, the continent’s second-biggest producer of cement, plans to cut debt in the next two years as it seeks to boost profit before resuming expansion, the company’s Chairman, Mr. Mobolaji Balogun, said. The cement...

  NPA Secures N2.1bn NNPC’s Debt Payment   The Nigerian National Petroleum Corporation (NNPC) has promised to pay off all debts which the corporation owes the Nigerian Ports Authority (NPA). NNPC group managing director, Maikanti Baru made this disclosure while playing host to the Managing Director, NPA, Hadiza...

Tribunal Overrules FCMB In N2.5bn Debt The Investments and Securities Tribunal (IST) sitting in Abuja has finally resolved a decade-long cyclical dispute between a stock broking firm, Valueline Securities and Investments Ltd and First City Monument Bank Plc (FCMB) over the repayment of N2.5 billion...

Power: N1tn Debt Threatens NBET Existence   The Federal Government has warned that massive indebtedness by power distributors to the Nigerian Bulk Electricity Trading Company may lead to the death of the firm, OKECHUKWU NNODIM writes The Federal Government is pleading with power distribution companies to make...