Home Topics Indebtedness

Indebtedness

Petroleum dealers in Anambra have threatened to shut down operations in 21 days over alleged government multiple levies and indebtedness.

Petroleum dealers in Anambra threaten shutdown over multiple taxes, gives ultimatum

Petroleum dealers in Anambra have threatened to shut down operations in 21 days over alleged government multiple levies and indebtedness.

Presidency dismisses report on electricity ‘sale on credit’ to Nigeria’s neighbours

The presidency Monday dismissed a report by Punch newspaper which said Nigeria continues to sell electricity to her West African neighbours on credit while the nation suffers persistent blackout.
The Minister of Information and Culture, Lai Mohammed, made the disclosure Wednesday after the Federal Executive Council presided over by President Muhammadu Buhari, at the State House, Abuja.

Nigerian government announces lifelines for broadcast industry

The Federal Government on Monday announced some lifelines for the broadcast industry as ways of cushioning the effects of COVID-19 pandemic on the industry.

Man commits suicide after warning his children about women

A retiree of a five-Star hotel in Lagos, Afolabi Taiwo, has allegedly committed suicide.
President Muhammadu Buhari on Monday signed the finance bill into law.

President Buhari: Nigeria’s border closure not to spite neighbours

President Muhammadu Buhari has said that the partial closure of Nigeria’s borders was not meant to punish her neighbours, but to strengthen the country’s security and economy.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

N135 billion fraud: Senator Ubah’s absence in court stalls arraignment

Ubah, who is currently a senator, was to be arraigned before Justice Nicholas Oweibo of the Federal High Court in Ikoyi, Lagos. The senator and his company, Capital Oil and Gas Limited, are facing a four-count charge of fraud and misrepresentation of facts.

Report: Emerging markets still deprived of fit-for-purpose financial systems

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose.

NCC allows Airtel to partially disconnect Glo over interconnect indebtedness

The Nigerian Communications Commission (NCC) has granted Airtel approval to partially disconnect Globacom from its network for failing to settle interconnect debts running into billions of naira.
Melee Kyari

$600m debts: NNPC clears ExxonMobil of liabilities over oil assets renewals

The Nigerian National Petroleum Corporation, NNPC, yesterday, cleared ExxonMobil from any sharp practices and indebtedness to the country.

Report: Emerging markets still deprived of fit-for-purpose financial systems

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose.
Kenyan lawyer, Professor Patrick Lumumba

Zambia refuses entry to Kenya’s Patrick Lumumba for ‘security’ reasons

A Kenyan law professor and former director of his country's anti-corruption commission was on Saturday refused entry to Zambia due to "security considerations", authorities said.
AMCON chief Ahmed Kuru

Buyers shun AMCON’s N182 billion assets

Buyers are shunning the N182 billion assets recovered from debtors by the Asset Management Corporation of Nigeria, the organisation has said.

Edo government moves to clear salary arrears as NULGE threatens strike

Local Government Council Chairmen in Edo State have hinted of plans by the National Union of Local Government Employees (NULGE) to embark on strike over their unpaid salary arrears.

My husband borrowed N100,000 from me, refused to pay – Wife tells court

Mohammed denied the allegations, but said he, too, was no longer interested in the marriage. He, however, did not object to the wife’s request for a divorce.

FRSC boss warns personnel to stay out of politics

The Federal Road Safety Corps marshal, Mr. Boboye Oyeyemi, has warned personnel of the Corps against partisan inclination.

Recent Stories

Barcelona directors have placed defender Samuel Umtiti on the transfer list as they are prepared to listen to offers for the World Cup winner.

Barcelona defender tests positive for coronavirus

Barcelona defender Samuel Umtiti has tested positive for coronavirus but is not with the rest of the squad for their Champions League quarter-final with Bayern Munich.
Zimbabwe's influential Catholic bishops on Friday deplored an unprecedented government crackdown on dissent against a backdrop of economic ruin and allegations of rampant rights abuses.

Zimbabwe bishops denounce ‘unprecedented’ state crackdown

Zimbabwe's influential Catholic bishops on Friday deplored an "unprecedented" government crackdown on dissent against a backdrop of economic ruin and allegations of rampant rights abuses.
The Ambassador of the Republic of Lebanon to Nigeria, Houssam Diab, has disclosed that majority of Nigerian girls in Lebanon were not trafficked into the country.

Majority of Nigerian ladies in Lebanon not smuggled – envoy

The Ambassador of the Republic of Lebanon to Nigeria, Houssam Diab, has disclosed that majority of Nigerian girls in Lebanon were not trafficked into the country.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Governor Obaseki approves all outstanding promotions in public service

The Edo State Governor, Mr. Godwin Obaseki, has approved all outstanding promotions in the state public service.

Court remands two men over ‘serial robberies with knife, rape’

A Yaba Chief Magistrates’ Court, Lagos, on Friday remanded two men in a Custodial Centre in Lagos, over alleged serial robberies, rape of one of their victims and receipt of stolen goods.