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A consortium of consulting firms, Mauritz Walton Nigeria Limited, and Bizplus Consulting Services Limited, has asked a High Court of the Federal Capital Territory (FCT) to order the Enugu State Government to pay them the sum of N10.2billion being the debt owed them regarding the Paris Club refund.
The federal government has released guidelines for the legal framework for states’ debt management operations for the achievement of the disbursement-linked indicator (DLI) under the States’ Fiscal Transparency Accountability and Sustainability (SFTAS) Programme of the central government.
Transforming Uplifting and Reforming Nigeria (TURN) which is committed to the socio-economic well-being of Nigeria has expressed its concern about the indebtedness of the Federal Republic of Nigeria to the People’s Republic of China. The organization is worried also about what it called “the reported enslaving terms of conditions which Nigeria agreed to in order to secure the loans.”
The senate has approved fresh external loans of $1.5bn and €995m for the federal government.
The Debt Management Office (DMO) announced the auctioning of three federal government bonds of N150 billion at N1,000 per unit.
ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile
A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily.
The Patriots for the Advancement of Peace and Social Development (PAPSD) has asked the new Chairman of the Economic and Financial Crimes Commission (EFCC) to investigate alleged diversion of N37.4 billion promissory notes by the administration of Abdulazeez Yari in Zamfara.
The Debt Management Office (DMO) has listed its third Sovereign Sukuk “N162.557 BILLION 7-YEAR 11.200% AL IJARAH SOVEREIGN SUKUK DUE 2027” on The Nigerian Stock Exchange and the FMDQ Securities Exchange.
The Debt Management Office (DMO) has decried the country’s debt service to revenue ratio, describing it as a major issue of concern.
The Nigerian presidency has released list of some of the women appointed into key positions as the country joins the global community in celebration of March 8 International Women’s Day.
The Federal Government has expressed its readiness to partner with Crown Flour Mills to expand the capacity for wheat production in the country.
The Accountant General of the Federation is expected to furnish the House of Representatives with financial statement on the utilisation of the N2.2 trillion revenue accrued from the foreign and domestic debts raised by Debt Management Office.
The federal executive council (FEC) has approved a new medium-term debt management strategy (MTDS), that will guide the government in its borrowing activities for the period 2020-2023.
The Federal Executive Council (FEC) has approved a new Medium-Term Debt Management Strategy for Nigeria (MTDS) for the period 2020-2023.
The Kano State Government and the state House of Assembly are challenging the jurisdiction of the Federal High Court in Kano to hear a case filed against the proposed N300 billion loan from China Exim Bank.
Dr Efem Ubi, Director of Research, Nigerian Institute of International Affairs, says the allegation by critics that Nigeria is gradually ceding her sovereignty to China on account of excessive borrowing is untrue.
The Defence Headquarters (DHQ) on Sunday said that the air component of Operation Thunder Strike has neutralised several armed bandits at Chikwale Forest in the Mangoro area of Chikun Local Government Area in Kaduna State.
Two persons were feared killed while one was injured as bank robbers attacked a bullion van at Bolorunduro area in Ondo East council area of Ondo state.
Ondo State Governor Rotimi Akeredolu has commiserated with the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, over the death of his son, Pastor Dare Adeboye.
Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
Nigeria’s Vice President, Prof. Yemi Osinbanjo, on Thursday, insisted that the unity of the country should not be compromised in anyway.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.
The wife of the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Folu Adeboye, on Tuesday inaugurated a new Redeemer’s Health Centre (RHC) annexe in Ibadan.
Less than 48 hours after the Chief of Army Staff (COAS), Lt. Gen. Ibrahim Attahiru, renamed Operation ‘Lafiya Dole’ (OLD) to Operation ‘Hadin Kai’ for mobilizing critical stakeholders’ in the fight against Boko Haram terrorists, residents have started providing useful information to the military in their communities.
Writing in her column in the Sun, Hammers vice-chairman Brady said: “The Stockley Park mob, blinking in front of an array of screens, may get more offsides right although, goodness knows, they often do so to the fury of people who don’t see any sense in arms or shirt sleeves being involved.
A Mobile Magistrates’ Court in Ekae at Sapele Road, Ikpoba-Okha Local Government Area of Edo on Thursday convicted 20 persons for operating tricycles without permit.
The Lagos State Government says residents of the state are consuming food and agricultural produce worth about N5 trillion annually.