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...

We Have Enough capacity To Repay N21.7tn Debt Says Adeosun     The Minister of Finance, Mrs. Kemi Adeosun, has said that the country has enough capacity to repay its debt obligations, which currently stand at about N21.7tn. Adeosun stated this in an interview with some journalists in...

N21.73trn Debt: Economist Cautions FG On External Borrowings   An economist, Prof. Sheriffdeen Tella, on Monday described the nation’s debt stock of N21.73 trillion as worrisome and urged the Federal Government to stop external borrowing. Tella, a professor of Economics at Olabisi Onabanjo University, Ago-Iwoye, Ogun,...

T-bills: FG To Repay N482bn Debt In Q2   The Federal Government is planning to repay N482bn of treasury bills in the second quarter and will halve the amount it wants to raise between March and May to lower borrowing costs, according to a debt auction...