Debt

An engineering company operating in the Oil and Gas sector under the aegis of DE COON Services Limited has petitioned the House of Representatives over several contracts scams and non-payment of the sums of over $30m and N70M owed it by…

The Federal Government has said the apocalyptic scenarios on the country's debt profile, as painted by former Vice President Atiku Abubakar in his press statement on Tuesday, is nothing but scaremongering anchored on a false premise.In…

The Ondo state government on Monday said it has reduced the debt inherited from the immediate past administration of the Peoples Democratic Party (PDP) by over 50 Percent.The state Commissioner of Information and Orientation, Mr Donald…

The World Bank has warned against a fast-rising wave of debts in emerging and developing countries now standing at $55 trillion.In a new analysis titled Global Waves of Debt, the Bank concluded that private and public debts in emerging…

With concerns on the growing debt profile of Nigerian government and the new $30 billion loan request sitting before the senate, the presidency has revealed that recent loans the country had taken are more of low-interest loans.It was…

NIGERIA’S total public debt rose to N25.7trillion ($83.882billion) by the end of June 2019, according to the Debt Management Office (DMO).This is an increase of about N753billion over the N24.947trillion reported by the government…

Total external debt of low- and middle-income countries climbed 5.3 per cent to $7.8 trillion in 2018, according to the World Bank.As of December 31, 2018, the Debt Management Office put the total external public debt of Nigerian…

Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the last general election, Mr Peter Obi, on Tuesday lamented that Nigeria has a $90bn (N28tr.) debt portfolio with nothing to show for it.Obi made the disclosure while…

  Minister of Works and Housing, Mr. Babatunde Fashola on Tuesday disclosed that President Muhammadu Buhari inherited debts worth about N1 trillion from the federal roads constructed by various State Governments under the past…

The Senate has summoned the Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami and the Ministry of Petroleum Resources to explain its role in the scandalous contract that incurred the nation  $9.6bn judgement…