Monday, December 6, 2021
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Tag "debt"

EXTRA: Police arrest Lagos resident for ‘tying man to stake over N4.6m debt’

    EXTRA: Police arrest Lagos resident for ‘tying man to stake over N4.6m debt’

The police command in Lagos says its operatives have arrested one Oluchi Okoye for allegedly tying Reuben Alozie to a stake over unpaid debt of N4.6 million. Adekunle Ajisebutu, Lagos

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N5bn debt: AMCON takes over Abdulfatah Ahmed’s properties

    N5bn debt: AMCON takes over Abdulfatah Ahmed’s properties

The Asset Management Corporation of Nigeria (AMCON) has taken over a mansion and other properties belonging to Abdulfatah Ahmed, former governor of Kwara state, over a N5 billion debt.  A.M.

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DMO: Nigeria should only borrow for revenue-generating projects

    DMO: Nigeria should only borrow for revenue-generating projects

Patience Oniha, director-general of the Debt Management Office (DMO), has advised that the federal government borrow funds only for revenue-generating projects. She gave the advice on Wednesday, in Abuja, at

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Zainab Ahmed: FG has recovered N49bn debt from contractors through Project Lighthouse

    Zainab Ahmed: FG has recovered N49bn debt from contractors through Project Lighthouse

Zainab Ahmed, minister of finance, budget and national planning, says the federal government has recovered N49.7 billion debt owed to it by contractors and other third parties.  The recovery, the

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Akpabio: International oil companies owing NDDC over $4bn

  Akpabio: International oil companies owing NDDC over $4bn

The federal government says international oil companies (IOCs) operating in Nigeria are owing the Niger Delta Development Commission (NDDC) more

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‘It’s false’ — Bi-Courtney denies owing FAAN N14bn

  ‘It’s false’ — Bi-Courtney denies owing FAAN N14bn

Bi-Courtney Aviation Services Limited (BASL), operator of Murtala Muhammed Airport, Lagos Terminal Two (MMA2), says it does not owe the

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FIRS directs banks to deduct N1.8trn from accounts of Multichoice over ‘tax evasion’

  FIRS directs banks to deduct N1.8trn from accounts of Multichoice over ‘tax evasion’

The Federal Inland Revenue Service (FIRS) has appointed some commercial banks as agents to recover N1.8 trillion from accounts of

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Dangote Cement completes issuance of N50bn bond programme

  Dangote Cement completes issuance of N50bn bond programme

Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its

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Lawan: To fund infrastructural projects, Nigeria’s only option is to borrow

  Lawan: To fund infrastructural projects, Nigeria’s only option is to borrow

Senate President Ahmad Lawan says the only option the country has to finance infrastructural development across the country is to

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AMCON asks asset partners to intensify efforts on N5trn debt recovery

  AMCON asks asset partners to intensify efforts on N5trn debt recovery

The Asset Management Corporation of Nigeria (AMCON) has asked its asset management partners (AMPs) to boost efforts on recovery of

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