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...
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,...
