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...
Further Devaluation Of Naira Will worsen Debt Position - FSDH
Analysts at FSDH Merchant Bank Limited have said that Nigeria cannot afford another level of devaluation of the currency, saying this will worsen the nation’s debt position.
The total public debt increased to N22.71tn in the...
$5bn JV Debt Repayment Restoring Investors’ Confidence - NNPC
The Nigerian National Petroleum Corporation (NNPC) has said its repayment of the about $5 billion negotiated joint venture cash call debts owed to International Oil Companies (IOCs) over the years was now stirring the confidence of...
Nigeria Spends N643.6bn On Domestic Debt Servicing
The Federal Government spent N643.6 billion on servicing the nation’s domestic debt for January to March, the Debt Management Office (DMO) said.
In its Quarterly Debt Data for Quarter one (Q1), obtained from its website on Wednesday in Abuja,...
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...
