Browsing Tag

debt

Low-income countries’ debt rises to $850bn in 2020 – World Bank report

Folasade Akpan Oct 12, 2021 0

Low-income countries’ debt rose by 12 per cent to 860 billion dollars in 2020, the International Debt Statistics (IDS) 2022 report of the World Bank says. The report was released on Monday at the World Bank/International Monetary Fund…

Economy

Despite conservative projection, Nigeria’s revenue generation still underperforming – FG

John Ogunsemore Aug 17, 2021 0

The Federal Government has said that Nigeria's borrowings continue to rise because of underperformance in revenue generation. Director-General, Debt Management Office (DMO), Patience Oniha disclosed this at a public hearing organised by…

Features

Indebtedness: Telecom operators to withdraw USSD services to banks

Funmilola Gboteku Mar 12, 2021 0

The Association of Licensed Telecommunication Operators of Nigeria (ALTON) on Friday says its members will withdraw USSD services to financial service providers due to huge indebtedness. ALTON said this in a statement on Friday signed by…

Entertainment

Jason Momoa Reveals He was “in Debt” After Game of Thrones Role

News Agency of Nigeria Nov 12, 2020 0

Famous Hollywood actor, Jason Momoa has revealed that he was "completely in debt" and "starving" following his role in the popular series, "Game of Thrones". The actor who was famed for his roles in Aquaman and Justice league added that…

Entertainment

Nigerians drag Comedian Ebiye for buying Benz on Credit, Refusing to Repay Loan

News Agency of Nigeria Oct 25, 2020 0

As is the norm of celebrities living fake life on social media, Comedian Ebiye has been reduced to a state of ridicule for buying a car on credit and his blatant refusal to pay the loan. A car dealer has called out the popular comedian…

Economy

Debt Among Least Developed Nations Hit Record $744bn In 2019- World Bank

Folasade Akpan Oct 12, 2020 0

The World Bank says the total external debt of Debt Service Suspension Initiative (DSSI)-eligible countries climbed to 744 billion dollars in 2019, an increase of 9.5 per cent from the previous year. SEE ALSO: [email protected]: let's celebrate…

Entertainment

See Ridiculous Amount Kanye West Has Spent On Presidential Campaign!

Faith Sep 5, 2020 0

New reports claim that Kanye West has put almost $7 million Into his presidential campaign, including millions to political operatives to help him get on the ballot. While West’s Birthday Party initially missed an FEC deadline, his…

Foreign

UK Public Debt Profile Soars To 2 Trillion Pounds

Yahaya Isah Aug 21, 2020 0

Britain’s Government debt on Friday soared to a record 2 trillion pounds (or 2.62 trillion dollars), surpassing the country’s annual GDP for the first time since 1961, officials said. SEE ALSO: EBII Africa Investment Risk and Compliance…

Features

24yr old and Girlfriend Shoot Man 6 times over $8, 000 Debt (Video)

Tony Abu Momoh Aug 17, 2020 0

The couple were apprehended by Military Police, 24 hours after the crime was committed and handed over to civilian authorities where they claimed the victim owed them $8,000 in debt.

Politics

Bayelsa PDP Owes Landlord N105m in Accumulated Rent

Tony Abu Momoh Aug 10, 2020 0

The Bayelsa state PDP Chairman, Solomon Agwana confirmed the development and said the move was....

Government

How Sanwo-olu rescued Lagosian from committing Suicide

News Agency of Nigeria Aug 3, 2020 0

Lagos state Governor, Babajide Sanwo-olu has rescued a 45-year-old man from committing Suicide over failure to repay a debt. Adeyinka Abiodun, B.Sc Holder in Business Administration resorted to taking his own life after he could not…

Government

Magu: Fighting Corruption as an Economic Policy is a Waste of time – Peter Obi

Tony Abu Momoh Jul 19, 2020 0

Former Governor of Anambra State, Peter Obi has stated that fighting corruption as an economic policy is a waste of time. He also stated that the ordeal of the former acting chairman of the Economic and Financial Crime Commission (EFCC),…

Government

FG, states debt portfolio hits N28.63trn – NBS

Mustapha Sumaila Jul 11, 2020 0

The National Bureau of Statistics (NBS) said on Friday that the total public debt portfolio of the Federal and State Governments as of March 31 stood at N28.63 trillion. The NBS made this known in its Nigerian domestic and foreign debt…

Economy

ECOWAS Supports Debt Cancellation, Plans Post-Pandemic Economic Policies

Ifeanyi Nwoko Apr 24, 2020 0

The Economic Community of West African States (ECOWAS), on Friday, resolved to support the African Union’s initiative to negotiate with partners for debt cancellation for member-states. The ECOWAS position is part of measures to ensure…

Finance

N166bn Debt: Electricity Coy Begins Mass Disconnection in 4 states

Desmond Ejibas Jan 17, 2020 0

The Port Harcourt Electricity Distribution Company (PHED) says it has commenced the mass disconnection of defaulting customers in the four states it operates. SEE ALSO: Akeredolu Reconstitutes Task Force on Farmers in Govt’s Forest…

Finance

World Bank: Nigeria seeks new $2.5bn loan

News Agency of Nigeria Sep 20, 2019 0

Nigeria who obtained a $2.4bn loan from World Bank in 2018, is seeking another $2.5bn loan from the World Apex bank. Hafez Ghanem, the Vice-President for the African Division of the World Bank, made this known to Bloomberg reporters.…

Government

Imo governor faults Okorocha over traces of consistent massive looting in his tenure

News Agency of Nigeria Jul 19, 2019 0

Newly elected Governor of Imo State, Emeka Ihedioha has made some accusations against Rochas Okorocha on his excessive spending throughout his tenure as a governor of the state. According to him, the state is now has a debt of over N100…

Politics

It breaks my heart that Buhari has plunged Nigeria into debt – Atiku

John Ogunsemore Jul 12, 2019 0

Former Vice President Atiku Abubakar has slammed the President Muhammadu Buhari administration for allegedly plunging the country into debt. Atiku, who was the presidential candidate of the PDP in the 2019 general election, stated this…

News

Nigeria’s total debt stock rise to N24.9 tn in Q1, 2019

Folasade Akpan Jul 10, 2019 0

Nigeria’s total public debt rose to N24.947 trillion as at March 31, from N24.387 trillion as at Dec. 31, 2018, growing marginally by 2.30 per cent, the Debt Management Office (DMO) said. A statement issued by the office on Wednesday in…

Metro

Man takes loan for Hajj in Osogbo, refuses to pay back after six years

Samuel Oduoye Jul 2, 2019 0

A 57-year-old Muslim, Khalil Babalola, appeared before an Osun State Magistrates’ Court sitting in Osogbo for refusing to pay back the loan he took for lesser hajj in 2013. Babalola, who is facing two counts of stealing and obtaining…

News

Pregnant woman drags ex-husband to court, seeks divorce confirmation

Sani Abdulrahman Jun 3, 2019 0

A five-month-old pregnant woman, Zainab Adamu of Unguan Shanu, kaduna, on Monday dragged her estranged husband to a Sharia Court ll siting in Magajin Gari, Kaduna State, seeking divorce confirmation and payment of N60,000 debt. Adamu,…

News

Rising Debt: We are mindful of our borrowings, says FG

Racheal Ishaya Apr 21, 2019 0

The Minister of Finance, Mrs Zainab Ahmed says while government borrows to deliver on its promises, it was also mindful of rising debt burden, which eats up about 25 per cent of the country’s annual earnings. Ahmed said this in an…

Business

Innoson to GTBank: Pay our N8.7bn or give us shares in your company

Samuel Oduoye Apr 8, 2019 0

Nigeria's indigenous automobile company, Innoson Vehicles Manufacturing, has requested shares from Guaranty Trust Bank (GTB), should the bank not be able to obey the supreme court's judgement on a debt of N8.7bn. Innoson had last week…

Government

Fayose left N155 bn debt, says Gov. Fayemi

Ariwodola Idowu Jan 24, 2019 0

Ekiti State Governor, Dr. Kayode Fayemi, on Thursday said former governor Ayodele Fayose left a total debt profile of over N155.79 billion for the state. This is as the governor signed into law, the N129.9 state budget for 2019, as part…

Government

Nigeria’s debt profile now N22.43tn – DMO

Samuel Oduoye Jan 10, 2019 0

The Debt Management Office (DMO) revealed that the country’s debt profile has risen to N22.43tn, as of last quarter of 2018. It will be recalled that, as of June 30, 2015, the country’s total debt stood at N12.12tn. This implies that …

Business

World debt hits record $184trn – IMF

News Agency of Nigeria Dec 14, 2018 0

The International Monetary Fund (IMF) has said that the world debt has hit an all-time record of $184 trillion, an upward review from the $182 trillion it reported last week. The figure represents an average of $86,000 debt owed per…

News

Federal Government Borrowed N2trillion to fund 2017 Budget

Tony Abu Momoh Nov 13, 2018 0

The Nigerian Debt Management Office has confirmed that the Federal Government of Nigeria borrowed a total of N2.32tn to fund the deficit in the 2017 national budget as contained in its 2017 annual report released in Abuja on Monday.…

Education

N2.5bn judgment debt: Court upholds ABU’s stay of garnishee proceeding application

Glory Abuh Adejoh Sep 27, 2018 0

The National Industrial Court, Abuja, has upheld Ahmadu Bello University (ABU) Zaria, application for stay of garnishee proceeding in a N2.5billion judgment debt suit. Garnishee proceeding is a judicial enforcement of monetary judgment,…

Government

Buhari’s Ex-Minister Now UN Deputy Scribe Laments Nigeria’s Rising Debt Profile

John Ogunsemore Sep 13, 2018 0

United Nations Deputy Secretary General, Amina Mohammed has decried the rising level of Nigeria's debt after President Olusegun Obasanjo's administration got the nation of it through the erstwhile Minister of Finance, Ngozi Okonjo-Iweala.…

Finance

More loans worsening Nigeria’s debt to revenue ratio – Don

Simon Akoje Aug 31, 2018 0

A don, Dr Dominic Agba, has warned the three tiers of government not to incur more debts as it is worsening debt to revenue ratio. Agba, who teaches Economics at Landmark University, Omu-Aran, Kwara State, gave the advice during an…

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