N1.3bn debt: FCDA may seal up Globacom’s business premises in Abuja
September 11, 2021 Authorities of the Federal Capital Development Authority (FCDA), have threatened to seal up the business premises of M/S Globacom Nigeria Limited in Abuja if it fails to…
We pay taxes ahead of deadline – MTN Nigeria; clarifies debt status to FG
August 31, 2021 MTN Nigeria Communications Plc has clarified an alleged indebtedness to the Federal Government of Nigeria in respect to outstanding taxes, saying it pays some of it taxes…
Incompetence of APC government responsible for N22trn debt – PDP
The Peoples Democratic Party (PDP) says poor understanding of current global economic dynamics and covering of corruption  by the APC government are directly responsible for the accumulated N22 trillion national…
Port Harcourt disco urges FG, states to pay N10.2billion electricity debt
The Port Harcourt Electricity Distribution Company (PHED) has urged both the Federal and State Governments to pay the N10.2 billion electricity bill they owed the company. A statement issued…
Nigeria, Argentina top debt refinancing risk nations, IIF says
Latest analysis by the Institute of International Finance, IIF, has alerted to an emerging high dollar refinancing risk for Nigeria and Argentina where over three-quarters of redemption of their growing…
N5.4trn debt: AMCON to seize assets of debtors
The Assets Management Company of Nigeria (AMCON) has said that there will be no more room for negotiation with obligors as the company is now set for a new stage…
Heavy debts worry telecom operators, seek reprieve from regulator
Telecommunications operators on Wednesday called on the Nigerian Communications Commission (NCC) to look into the indebtedness of smaller telecom operators and support them to survive competition. Mr Gbenga Adebayo, Chairman,…