In a bid to recover a debt of N32 billion owed four commercial banks, Asset Management Corporation of Nigeria, AMCON, has dragged a Lagos businessman, Samuel Adenmosun, his wife, Toluleke Adenmosun and seven other limited liability companies before a Federal High Court in Lagos, Southwest Nigeria.
In a bid to recover a debt of N9,302,894,097.94, Asset Management Corporation of Nigeria AMCON has dragged a limited liability company, Ventures and Engineering Limited before a Federal High Court in Lagos, South West Nigeria.
Nasarawa State Governor, Umaru Al-Makura, on Wednesday said the state government had cleared more than N40 billion debt incurred before the inception of his administration in 2011.
Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Dangiwa, said the bank has recouped more than N3 billion in its loan recovery drive in 2018.
African leaders attending this week’s summit with China don’t think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government’s top diplomat said on Thursday.
China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing.
Malaysian Prime Minister Mahathir Mohamad on Monday, blamed previous government led by former protege Najib Razak for the one trillion ringgit (251.70 billion dollars) in debt.
Mr Eze Onyekpere, Lead Director, Centre for Social Justice (CSJ), a Civil Society Organisation (CSO) says the continuous accumulation of debt was not the...
The Administration of Governor Akinwunmi Ambode inherited external debt profile of N468.471 billion, says Lagos State Commissioner for Finance, Akinyemi Ashade.
In a bid to recover a debt of N818,416,976.26, Skye Bank Plc has dragged a limited liability company Tropical Merchants limited and two Directors of the company, Ayinde Bakare and Chief Radheed Alaba Williams before a Federal High Court in Lagos.
South Africa is in talks with Citibank on how to settle a 1.8 billion rand ($135 million) loan to the state airline due to end September after the lender said it would not roll over the debt again, Treasury Director General Dondo Mogajane, said on Tuesday.
Former Governor of Ondo State, Dr. Olusegun Mimiko says the incumbent governor of the state, Rotimi Akeredolu lied that his administration left a debt of N220.6 billion.
An Uber driver, identified as Hammed Olojo, 31 was on Sunday afternoon rescued by operatives of the Rapid Response Squad, RRS, on patrol of Third Mainland Bridge from jumping into the Lagoon.
Nigeria's central bank sold N31.94 billion ($104.76 million) in treasury bills on Friday in a bid to tighten liquidity in the money market while overnight lending rate fell.
A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15.
A Lagos High Court sitting in Ikeja has fixed July 11, 2017 for ruling in a motion filed by Nigerian Bottling Ltd seeking to set aside a garnishee order granted against five banks in respect of a N96.8m judgment awarded in favour of Senator Musiliu Obanikoro.
The Receiver Manager of Arik Air, Mr Oluseye Opasanya, has said the embattled airline was indebted to its trade and finance creditors to the tune of N375 billion.
Mrs Taiwo Momoh, the 58 years old woman who was rescued by the police on Friday from jumping into the Lagoon from Third Mainland Bridge to commit suicide said her indebtedness to the tune of N18.7 million to her Swiss partner forced her to want to end her life.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said on Monday that the Nigerian National Petroleum Corporation (NNPC) was yet to remit N4.9 trillion...
A 70-year-old widow, Mrs Elizabeth Adeoni, was on Wednesday arraigned in an Osogbo customary court for owing rent arrears for 20 years.
Lateef Adegoke, the...
Funsho Arogundade
Arise TV, London-based global news network, owned by Nigeria's flamboyant media baron, Prince Nduka Obaigbena, has been shut and on the verge being...
