Danbatta: $100m Debts Delay Takeover Of 9mobile Fresh facts have emerged on why the sale of 9mobile still lingers despite the declaration of Teleology Holdings Limited as the preferred bidder by Barclays Africa, the financial adviser handling the sale. The Executive Vice Chairman of the Nigerian...

External Debt Grew By 114% Under Buhari   The Federal Government and the 36 states of the federation as well as the Federal Capital Territory grew the country’s external loan commitments from $10.32bn in June 2015 to $22.07bn in March 2018, investigation has shown. This reflects an...

N5.4tn Debt: AMCON To Seize Debtors’ Assets The Asset Management Corporation of Nigeria has said that there will be no more room for negotiation with debtors as it is now set for a new stage of complete asset takeover. The Managing Director and Chief Executive Officer,...

FRC: Lagos, Osun, Cross River’s Debts Exceed Revenues By Over 480%   The debt status of most states of the federation exceeds 50 per cent of their annual revenues. For 18 states, the debt profiles exceed their gross and net revenues by more than 200 per...

Foreign Debtors: Lagos, Kaduna, Edo Top List   Lagos State, with the reputation of having the biggest economy in Nigeria, is also the highest debtor to foreign creditors among subnational governments in the country, statistics obtained from the Debt Management Office have shown. A document titled: ‘States...

DMO - At end Of 2017,Debts Rose To N21.7tr ...Up By N4.4tr In One Year   Nigeria’s total national debt grew to N21.7 trillion ($70.92 billion) at the end of December 2017, the Director General of Nigeria’s Debt Management Office told a news briefing on Wednesday. It...