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 Kayode Mohammed...
By Chioma Obinagwam In continuation of its recovery activities in the new financial year, the Asset Management Corporation of Nigeria (AMCON) on Tuesday, through Mr. Gbenga...
All 13 banks whose $1.2bn was trapped in the telecoms network expansion drive between 2013 and 2016 are anxiously waiting for the new owners for their...
Indications have emerged that commercial banks that assisted several downstream oil and gas investors with deep pocket loans, having tried every legal processes to get...
The Federal Government of Nigeria, FGN, through the Debt Management Office, DMO, today, Wednesday, October 25, 2017, conducted a bond auction exercise at the domestic market....
Six states, including Osun and Oyo states local debt burden worsen under their various current governors, growing their local debt profile by about 49% and above...
Total debts of electricity companies to various banks in the country still stands at a staggering N107bn, data from the Central Bank of Nigeria has...
By Odunewu Segun Unity Bank, one of Nigeria’s tier 2 commercial banks may be running on borrowed funds following its precarious financial situation and the huge...
A middle aged man attempt to kill himself over his inability to redeem a N50,000 loan from a credit facility outfit was averted by men of...
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date...
