Top 5 Stories Of The Day | Union Threatens Showdown with Dangote Refinery over Mass Sackings

Minister of Finance, Kemi Adeosun has said Nigerians will have to tolerate more borrowings by President Muhammadu Buhari to deliver his promises. Background: President Buhari had written to the Senate seeking approval for $5bn loan. What Adeosun said: The minister made this statement on Sunday at a joint press conference with Godwin Emefiele, governor of... Read More

debts, kemi Adeosun, nigerians, President Muhammadu Buhari

September 21, 2016

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N4.17trn: How much Nigeria has borrowed in a year

Statistics from the Debt Management Office (DMO) on Tuesday has shown that Nigeria’s debt has risen from N12.12tn in June 2015 to N16.29tn as of June 30, 2016, indicating a N4.17tn increase. The document from the DMO also showed that external debt by the federal and state governments stood at $11.26bn or N3.19tn as of June 30, 2016 as... Read More

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Debt Management Office, debts, DMO, domestic debts, N4.27tn, Nigeria's debt

August 18, 2016

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Monetary policies alone won’t stimulate economic growth – Buhari

President Muhammadu Buhari has said monetary policy instruments alone cannot stimulate economic growth judging from the plethora of economic challenges in the country. The president stated this on Thursday while speaking at the opening session of the 2016 annual meeting of the Association of African Central Banks. The event which had the theme “Unwinding Unconventional... Read More

The News Blog

Association of African Central Banks., debts, Economic challenges, inflation, monetary policies, nigeria, President Muhammadu Buhari

June 23, 2016

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‘Tough times don’t last’ | Ben Bruce reacts to AMCON’s takeover of Silverbird

The Assets Management Company of Nigeria, AMCON on Thursday took over the assets of Silverbird Group, owned by Ben Bruce, the Senator representing Bayelsa East constituency. Bruce’s companies under the group in Lagos, Port Harcourt and Abuja were sealed with the help of security operatives who prevented entrance and exit into the buildings over unpaid debts... Read More

The News Blog

$11billion, AMCON, Ben Bruce, Buhari, debts, PDP

December 11, 2015

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Fashola says government will ‘settle its debts’ as he visits Egbin power plant (PHOTOS)

The Minister of Power, Works and Housing, Babatunde Fashola says the Federal Government will settle the N47 billion debt it owes Egbin Power for energy supplied to the national grid. Fashola gave the assurance on Friday, in Lagos during the inauguration of facilities of Ikeja and Eko Electricity Distribution companies. He said that government would pay debts owed... Read More

The News Blog

babatunde Fashola, debts, Egbin power plant

September 27, 2015

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‘Aregbesola owes over 1-year worth of hotel bills in Osun’

Hotel owners in Osun state say they are struggling to stay afloat as a result of the refusal of the Governor of the state, Rauf Aregbesola to pay debts incurred by guests of the state government who lodged in their establishments. According to the spokesperson of the hoteliers, Babatunde Karim, the debt of Aregbesola’s government dates back... Read More

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Aregbesola, debts, hoteliers, Osun State

August 7, 2015

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Okay, Diamond Bank has apologized to Abike Dabiri-Erewa (READ)

Diamond bank has apologized in two dailies today to Abike Dabiri-Erewa for erroneously including her name as a director in a company owing their bank. The Punch newspaper had on Tuesday reported that Dabiri and some other firms owed banks N143.81 billion, but she debunked the allegation.

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Abike Dabiri-Erewa, debts, Diamond Bank

August 6, 2015

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Ambode to settle N11bn pension debts

The Lagos state government has released N11 billion to pay off pensions owed since 2010. The Head of Service, Folashade Jaji said this on Wednesday. She said, “The development is part of efforts put in place by the present administration to find a holistic solution to the issue of payment of pension entitlements to retirees... Read More

The News Blog

debts, lagos state, liabilities, pensioners

August 6, 2015

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THE 2015 TRACKLIST: Fayose takes another swipe at PMB, Judge’s petition against Aregbesola dismissed, PMB sacks 8 GEDs, More stories

Saraki seeks foreign assistance to rebuild North-east. This Day APC urges banks, FG not to grant Mimiko loan. Leadership Presidency denies claims that PMB spent N2.2 billion on US trip. This Day Court transfers suits against Saraki, Ekweremadu’s election. Leadership Fayose takes a swipe at Buhari again. This Day MRS oil and gas company denies... Read More

Aregbesola, Buhari, debts, Fayose, fcmb, MRS, Osun State, petition, tracklist

August 4, 2015

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Power firms allege that Military, govt agencies, others owe them N26bn

Military formations, ministries, departments and agencies at every level of government electricity will soon get disconnected as a result of N26 billion debts owed to the Association of Nigerian Electricity Distributors, a group of 11 Energy Distribution Companies. Speaking with journalists in Abeokuta on Monday, the Director, Research and Advocacy, ANED, Sunday Oduntan, said military... Read More

The News Blog

debts, government agencies, Military, ministries, N26bn

August 4, 2015

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Abike Dabiri-Erewa says she doesn’t owe anyone a thing

Former House of Representatives member, Abike Dabiri has debunked Nigerian Deposit Money Banks’ allegation that a company in which she is a director, Thriller Eneavours, owes Diamond bank N122 million. The Punch newspaper had earlier reported that Dabiri and some other firms owed banks N143.81 billion. She took to her Twitter handle on Tuesday to... Read More

The News Blog

Abike Dabiri-Erewa, banks, debts, twitter.

June 24, 2015

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The real situation with the Nigerian economy and its debts

Nigeria is in deep wahala. Our debts are rumored to be about N11 trillion and in the 2015 budget, it was revealed that the country had a deficit of N911 billion. But in a recent revelation by the Chairman of the APC Transition Committee, Ahmed Joda, it seems there are new figures emerging. In an interview with... Read More

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debts, deficit, economy, finance ministry, nigeria

June 23, 2015

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“I met an empty treasury and millions of dollars in debt” – Buhari

President Muhammadu Buhari, says he inherited a virtually empty treasury from former President, Goodluck Jonathan. Buhari, said this on Monday, June 22, while meeting with State House correspondents, to mark his first day in the Aso Rock office. The President did not explicitly state the amount of debt he met, but simply stated that the... Read More

The News Blog

debts, empty treasury, president buhari

March 9, 2015

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Nasarawa govt. is kinda broke, had to borrow money to pay salaries

by Ranti Joseph Nasarawa government on Monday said it has secured N500 million bank facility to pay February salary due to the shortfall in statutory allocation from federation account. Commissioner for Local Government and Chieftaincy Affairs, Mohammed Musa Danazumi, made this known in Lafia while addressing the press at the Shendam road Government House. He... Read More

The News Blog

debts, Nasarawa, Nasarawa govt borrows money to settle salaries, salaries

Top 5 Stories Of The Day | Union Threatens Showdown with Dangote Refinery over Mass Sackings

Top 5 Stories Of The Day | NBS Report that Every Nigerian Owes ₦620k

For Buhari to deliver his promises, Nigerians need to tolerate more debts – Adeosun

The Ynaija Cover this evening – the 9th of February

N4.17trn: How much Nigeria has borrowed in a year

Monetary policies alone won’t stimulate economic growth – Buhari

‘Tough times don’t last’ | Ben Bruce reacts to AMCON’s takeover of Silverbird

Fashola says government will ‘settle its debts’ as he visits Egbin power plant (PHOTOS)

‘Aregbesola owes over 1-year worth of hotel bills in Osun’

Okay, Diamond Bank has apologized to Abike Dabiri-Erewa (READ)

Ambode to settle N11bn pension debts

THE 2015 TRACKLIST: Fayose takes another swipe at PMB, Judge’s petition against Aregbesola dismissed, PMB sacks 8 GEDs, More stories

Power firms allege that Military, govt agencies, others owe them N26bn

Abike Dabiri-Erewa says she doesn’t owe anyone a thing

The real situation with the Nigerian economy and its debts

“I met an empty treasury and millions of dollars in debt” – Buhari

Nasarawa govt. is kinda broke, had to borrow money to pay salaries

Damilola Atayero: First things first (30 days, 30 voices)

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