Sunday, November 18, 2018
Tags Posts tagged with "Debt"

Tag: Debt

How did Ronaldinho become so broke in such a short time?

Not too long ago, news broke in Spain that football superstar and Brazil legend Ronaldinho was in debt to the tune of £1.75 million. For...

AMCON in desperate mode to recover debts

The Asset Management Company of Nigeria (AMCON) has taken its debt recovery drive to another level. National Daily gathered that as the tenure of the...

FG reveals plan to raise additional $2.8 billion foreign debt

  The federal government is planning to borrow $2.8 billion to fund the deficit of the recently passed 2018 budget. Director General, Debt Management Office (DMO),...

Nigeria uses N643.6bn to service domestic debt in Q1 2018

A total of N643.6 billion was spent on servicing Nigeria’s domestic debt as the country’s total debt rose by 4.5 per cent to N22.7...

Union Bank groans under heavy debt burden

By Odunewu Segun   While Union Bank has never been known to be distressed at any given time, its books in recent years have left much...

The debt shackles return

By Michael Heise The only sustainable debt burden is one that can be managed even during cyclical downturns. Yet governments continue to repeat the same...

IMF doubts Nigeria’s capacity to repay debt

The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more...

N20bn debt: AMCON takes over Stella Odua’s oil company

The Asset Management Company of Nigeria (AMCON) recently obtained an interim forfeiture order from a Federal High Court sitting in Lagos with respect to...

Nigeria’s most indebted businessman-politician stripped of all assets, funds in dozen...

The Asset Management Corporation of Nigeria (AMCON) has taken over no fewer than 14 companies in the business empire of former aviation minister and...

N5bn debt: AMCON seizes Osigwe foods, mansion

The Asset Management Corporation of Nigeria has taken over Osigwe Foods and Agro-Industrial Company Limited and a private massive residence belonging to Chief Anselm...
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