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Tag Archives: debts

December, 2019

  • 30 December

    Debts: No Cause For Alarm, FG Assures Nigerians

    Lai Mohammed

    The Federal Government has assured Nigerians that there is no cause for alarm over the country’s debt profile both domestic and external as being speculated by scaremongers. The Minister of Information and Culture, Lai Mohammed gave the assurance on Monday in Lagos while briefing newsmen on the major achievements of …

May, 2019

  • 2 May

    FAAN Shuts Gombe, Kebbi Airports Over N732m Debts

    The Federal Airports Authority of Nigeria (FAAN) has withdrawn its Aviation Security and Aerodrome Rescue and Fire Fighting personnel from Gombe and Kebbi Airports over N732 million indebtedness. The General Manager, Corporate Affairs, FAAN, Henrietta Yakubu, confirmed the development to the News Agency of Nigeria (NAN) on Thursday in Lagos. …

April, 2019

  • 16 April

    FAAN To Withdraw Services In MM2, Gombe, Other Airports Over Debts

    The Federal Airports Authority of Nigeria (FAAN) has issued a notice to private and state-owned airports in Nigeria to settle their debts or be shut on May 1. Henrietta Yakubu, General Manager, Corporate Affairs, FAAN, confirmed the development to NAN on Tuesday in Lagos. NAN reports that the indebted airports …

  • 16 April

    My Administration Never Took Any Foreign Loan, Says Ambode

    Akinwunmi Ambode, Governor of Lagos State, has said his administration did not solicit or take foreign loans during his tenure as the head of Nigeria’s commercial capital. Governor Ambode, whose tenure ends on May 29, disclosed this in an interview recently. According to him, the $1.43 billion debt accrued by …

March, 2019

  • 21 March

    Nasarawa Not Owing N70bn As Claimed, Says Al-Makura

    Tanko Al-Makura, Governor of Nasarawa, has denied reports that the state is owing N70 billion. Al-Makura, who spoke at the inauguration of the state transition committee on Wednesday, faulted and dismissed the reports. “One issue I will like to talk about is the issue that is now awash in the social …

May, 2018

  • 16 May

    Defunct Nigerian Airways Workers, Others To Get Benefits

    Kemi Adeosun, Minister of Finance on Tuesday said the federal government would pay terminal benefits owed former workers of the defunct Nigerian Airways. Adeosun also said the government is ready to offset inherited debts and outstanding payments to local contractors between 2006 and 2015. The minister stated this on Tuesday …

January, 2017

  • 10 January

    Unpaid Debts Drive Oil Companies To Sell Off Assets

    Brent Crude oil increases

      By Bola Kougbe   Some oil companies have allegedly sold off assets to pay bank loans taken from banks. The oil companies are believed to have landed in troubled waters due to the current economic problem in the country. While inflation rate in the country is expected to rise …

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