CBN Announces Plan to Freeze Accounts Without BVN and NIN in 2024 | 5 Things That Should Matter Today

Nigerians will appreciate my government soon – Buhari; Nigeria threatens to shut down domestic airlines over debt, gives 30-day deadline | 5 Things That Should Matter Today

Nigerians will appreciate my government soon – Buhari FG to reopen varsities, despite ASUU strike FG engaging foreign countries to deal decisively with insecurity – Lai Mohammed Nigeria threatens to shut down domestic airlines over debt, gives 30-day deadline Katsina confirms four monkeypox, 53 cholera cases Across Nigeria’s 36 states and the Federal Capital Territory,... Read More

Rankings

asuu strike, Buhari, Cholera, debt, Domestic airlines, FG, Foreign countries, Insecurity, katsina, lai mohammed, Monkeypox, nigerians, varsities

April 24, 2019

The Big 5: Buhari billed to inaugurate five projects in Lagos; Court asked to declare Justice Muhammad unfit, order new selection | Other top stories

Here are the stories that you should be monitoring today: Court asked to declare Justice Muhammad unfit, order new selection The Abuja Division of the Federal High Court has okayed a fresh suit seeking to bar President Muhammadu Buhari from appointing the Acting Chief Justice of Nigeria, CJN, Justice Tanko Muhammad, to take over the... Read More

Buhari, debt, lagos, projects, The Big 5

July 26, 2018

Hard times await Kogi workers as state drowns in debt

It seems the expectation of Kogi workers that their unpaid salaries spanning into twenty five months would finally be paid isn’t gong. A recent investigation by Premium Times shows that the state government has failed in its responsibility to pay the workers as at when due. However, what is baffling that the state government has... Read More

Opinion: How LUTH traumatises young doctors

by Imoisili Ehinomen God- according to Merriam-Webster’s dictionary- a being or object ‘believed’ to have more than natural attributes and powers and to require human worship. ‘God’ is the word that comes to mind when I think of Lagos University Teaching Hospital (LUTH). It is not in a good way that I consider this... Read More

Opinion

debt, Luth, Medical doctors, opinion

October 6, 2017

Opinion: Osun 2018 and Aregbosola’s landmines

by Ibrahim Sarafa Expectedly, the race for the top seat in Osun state, come 2018, is gaining gradual momentum. The two leading parties, the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), have seen some of their members show subtle interest in picking their respective party tickets, which could possibly result in winning... Read More

Opinion

debt, economy, nigeria, Osun 2018, Politics, RAUF AREGBESOLA

October 4, 2017

N26bn debt: FG approves payment to electricity distribution companies

The Federal Government on Wednesday approved payment of N25.994bn owed by Ministries, Departments and Agencies to electricity companies. The Minister of Power, Works and Housing, Mr. Babatunde Fashola disclosed this to State House Correspondents after the Federal Executive Council meeting at the Presidential Villa, Abuja. Background: Electricity Distribution Companies had claimed that they are unable to... Read More

debt, electricity companies, N26bn, payment

September 17, 2017

21,084 policemen deployed for Anambra election; 1,100 firearms seized | The 5 numbers that mattered last week

N19.63 trillion – According to the latest debt statistics published by the Debt Management Office, Nigeria’s total debt has risen to this amount, as of June 2017. The report adds that the 36 states of the federation as well as the Federal Capital Territory have borrowed about N7.51 trillion in the last two years. N700... Read More

anambra election, Customs, debt, nigeria, policemen, Praise and worship, president buhari, weapons, Yemi Osinbajo Ibrahim Idris

July 19, 2017

How Governor Yari ruined my business with N179.5m debt – German contractor

Zamfara State governor, Abdulaziz Yari has been accused of owing N179.5m, by a German contractor and businessman, Richard Klosa. The German alleged that his company, Connexx Plants Nigeria Ltd. has gone bankrupt after supplying Zamfara State with radio studio equipment but had not been paid for the supply and installation since February 2013. While speaking on Tuesday, Klosa,... Read More

Abdul Aziz Yari, contract, debt, German Contractor, N179m, Richard Klosa

July 4, 2017

Etisalat Nigeria board dissolved, new CEO appointed

Former Deputy Managing Director of Celtel Nigeria has been named the chief executive officer of Etisalat Nigeria during the transition period. Former CEO, Matthew Willsher along with the chief financial officer, Olawole Obasunloye stepped down on Monday. A deputy governor of the central bank, Joseph Nnana, will be the chairman of the board. Olusanya was... Read More

board, CEO, debt, dissolve, etisalat

June 24, 2017

Etisalat takeover: CBN intervenes to prevent loss of jobs

The Central Bank of Nigeria (CBN) and the Nigeria Communications Commission (NCC) have moved to intervene in the takeover of Etisalat Nigeria over a US$1.2 billion debt. A consortium of banks had taken over the management of Etisalat Nigeria over a syndicated loan of about US$1.2 billion granted the telecom company. Spokesperson of the CBN,... Read More

$12 million, CBN, consirtium of banks, debt, Etisalat Nigeria, Takeover

June 22, 2017

We have paid 42% of our debt – Etisalat

Etisalat Nigeria has said it is not being investigated by the Economic and Financial Crimes Commission (EFCC). In a statement signed by Ibrahim Dikko, Etisalat vice-president of corporate affairs, the company said it has paid about 42 percent of its original loan, taken from a consortium of banks. “The attention of Etisalat Nigeria has been drawn to... Read More

consortium of banks, debt, etisalat, ncc

June 20, 2017

BREAKING: Access Bank, others take over Etisalat Nigeria over N541bn debt

Access Bank PLC and other Nigerian and foreign banks have taken over the management of Etisalat Nigeria, Premium Times reports. This was after after efforts by Emerging Markets Telecommunications Services, EMTS, promoted former Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie to reach agreement with the banks on debt restructuring plan of $1.72 billion failed.... Read More

Access Bank, debt, Etisalat Nigeria, N541 billion

May 19, 2017

Shocking! The lengths Nigerians will go to avoid paying their debts

by Eketi Edima Ette This world is coming to an end, I kid you not. Have you ever loaned money to someone? Have you ever asked for that debt to be repaid and had the debtor abuse you because of it? I have. More than once. He said, “Eketi, I’m owing other people and you’re so... Read More

Opinion

debt, debtors, life, nigeria, opinion, wickedness

March 28, 2017

We have recovered N681bn debt in the last six years – AMCON

by Azeez Adeniyi The Asset Management Company of Nigeria (AMCON) on Monday said it has recovered over N681.5billion from debtors in the last six years of its operation. Managing Director, AMCON, Alhaji Ahmed Kuru said this at an interactive session with judges of the Federal High Court in Abuja. He said the debts were recovered... Read More

AMCON, Asests Management Company of Nigeria, debt, Judiciary, N681bn, recovered

February 22, 2017

$16m debt: Court freezes 21 bank accounts linked to Stella Oduah

by Dolapo Adelana Stella Oduah and Sea Petroleum and Gas Company Limited have been restrained from making any withdrawal from its account and those of three other companies domiciled with 21 banks by a Federal High Court. The other companies include: Sea Shipping Agency Ltd, Rotary Engineering Services Ltd, and Tour Afrique Company Ltd. Oduah... Read More

$16m, 21 bank accounts, court, debt, stella oduah

February 18, 2017

N40m wildlife feeding budget, $2.5bn loan | The 5 numbers that mattered this week

N40 million – The amount of money set aside in the 2017 National Budget for feeding and maintenance of wildlife in Aso Rock Presidential Villa. N775 million – The Federal Government has released this amount for the Enumeration Area Demarcation exercise in preparation for the 2018 census programme according to the Chairman of the National... Read More

2018 census, debt, loan, national budget, numbers that mattered, wildlife maintenance, World Bank

February 9, 2017

“Govt agencies, military owe power distribution companies N88bn”

Government Ministries, Departments and Agencies (MDAs) owe power distribution companies N88.6bn, Association of Nigerian Electricity Distributors has said. Executive Director, Research and Advocacy, Sunday Oduntan said the distribution companies will embark on nationwide disconnection. He said the military was the highest debtor, owing N38.7bn. The debts profile also shows that the Abuja Disco is owed... Read More

Cover Stories, The News Blog

debt, DISCOs, MDAs, N88bn, power distribution

January 22, 2017

Why I want my money from Kibati Bankole – Daddy Freeze

Popular Cool FM OAP, Daddy Freeze has revealed what transpired between him and female sports presenter, Kibati Bankole. Last week, Freeze had called out Kibati on Instagram for owing him money and deliberately ignoring his calls. He wrote, “Dear @kiibati, you have been ignoring my calls for over one month now. This is so wrong;... Read More

Cool FM, daddy freeze, debt, Kibati Bankole, Merrybet Fans Challenge, money

November 16, 2016

Opinion: The many dangers of senseless debts

by Jide Ojo It is no longer news that the country’s economy is in recession. Many Nigerians are cash-strapped. This is as a result of salaries and wages not being paid as and when due, low patronage being experienced by those in business due to high cost of goods and services, non-payment of debts owed... Read More

debt, Debt Management Office, FDI, government, nigeria, President Muhammadu Buhari, recession

November 4, 2016

[The Presidential Blog]: Dear DMO, please DPMO

I was going to start by saying “it appears that these people do not get it”. But then as I typed the words and read them myself, I realised that “it doesn’t appear”. They just do not get it. If they did, the Presidency through the Finance ministry’s DMO – Debt Management Office – wouldn’t have... Read More

Featured, The Presidential Blog

29.9 billion dollars, debt, DMO, facebook, senate, sticky, The Pesidential blog

October 12, 2016

National Library owes N508m rent, faces eviction

Chief Executive Officer of the National Library of Nigeria, Prof. Lanre Aina has revealed that the agency may be evicted from the building it occupies as it owes N508 million as rent. Aina made the disclosure when members of Senate Committee on Basic and Secondary Education, led by its chairman and former governor of Sokoto State,... Read More

debt, N508m rent unpaid, National Library of Nigeria

September 22, 2016

The Thread: #TenCashCommandments

Every other day, a tweep puts out a thread on a subject matter of their contemplation. Today, it is Audu Maikori (@Audu), the Chocolate City Entertainment president dispensing advice on money matters. And Nigeria being in the throes of recession, any recommendations about handling money is welcomed. Hear, hear! 1. He who has the cash is... Read More

Business, debt, economy, Finance, money, recession

July 31, 2016

National Theatre in total darkness over N9m power debt

The Eko Electricity Distribution Company Plc (EKEDC) on Sunday said electricity supply to the National Arts Theatre in Lagos was disconnected because its management failed to pay over N9 million debt. Idemudia Godwin, General Manger, Media Communications of EKEDC, told the News Agency of Nigeria (NAN) in Lagos that the complex was disconnected after several... Read More

Blackout, debt, ekedc, Eko Electricity Distribution Company Plc, N9m debt, National Theatre, power bills

July 11, 2016

Kalu Aja: The good, the bad and the responsible; managing your debts (Y! Naira&Kobo)

by Kalu Aja Debt Management So this lesson, we will discuss borrowing and debt and how to go about it responsibly. When you borrow you go into debt, your liabilities increase. Debt increases cash flow, thus your Gross Income rises, but it also increases the expenses on your Non-Discretionary budget via Interest repayments. In the... Read More

bad debt, debt, good debt, life, management, money, mortgage, naira and kobo

June 29, 2016

Nigeria owes ECOWAS $694,000 in levies, dues

Nigeria is owing the Economic Community of West African States (ECOWAS) a year’s worth of levies amounting to $694, 000, the regional organization says. According to PRNigeria, ECOWAS is facing financial difficulties over non-payment of dues and other levies. Recently the Vice President of the ECOWAS Court of Justice, Justice Micah Wright, was quoted to have said... Read More

debt, ECOWAS, FG, Finance, Nigeroa, region

June 25, 2016

After Silverbird, AMCON takes over Afrijet over N10bn debt

Asset Management Corporation of Nigeria (AMCON) has been granted an interim injunction against Afrijet Airlines Limited – a company owned by Vitalis Ibe. The injunction was granted by Justice Chuka Austine Obiozor of a Federal High Court in Lagos on Friday. Afrijet is in debt to the tune of N10 billion after the Eligible Bank... Read More

AMCON, Business, debt, fcmb, Ibe, nigeria, vitalis

June 24, 2016

THISDAY Dome taken over by FCT Administration

The investment company of the Federal Capital Territory Administration, on Friday took over the THISDAY Dome, in Abuja. The takeover of the popular events centre is in compliance with a Court of Appeal judgment delivered last week over N197m debt by the owners – Leaders and Company (Publishers of Thisday Newspaper). Speaking on the development,... Read More

Abuja, debt, FCT, fct administration, lease, take over, Thisday Dome

June 21, 2016

N50bn debt: Court grants AMCON control of Jimoh Ibrahim’s assets

Assets belonging to businessman, Jimoh Ibrahim will be taken over by the Asset Management Corporation of Nigeria as a federal high court sitting in Lagos has granted an interim injunction to that effect. Ibrahim is alleged to owe AMCON over N50 billion. The order will affect the following companies: NICON Investment Limited, Global Fleet Oil... Read More