Aluta News The World Bank says 26 poorest countries worldwide “are deeper in debt than at any other time since 2006,” while being increasingly vulnerable to natural disasters and other catastrophes. In its analysis, the World Bank found that these 26 nations, which have an annual per capita income ofContinue Reading
Aluta News The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion (91.46 billion dollars) in March. The Director-General of the DMO, Patience Oniha, made this known in a statement on Friday in Abuja. Oniha said that the debt stock comprised the total external and domesticContinue Reading
Aluta News The African Development Bank (AfDB) Group has inaugurated a series of training programmes to support 22 Transitional or fragile African states in managing their debt more effectively. This is contained in a statement issued by the bank on Wednesday in Abuja. The bank said the Public Finance ManagementContinue Reading
By Aluta News March 27, 2024 Nigeria’s public debt stock increased from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars ) in the fourth quarter of 2023. The National Bureau of Statistics (NBS) said this on Tuesday in its NigerianContinue Reading
By Aluta News Dec 21, 2023 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to pay members their bridging claims of about N15 billion. Mr Chinedu Anyaso, Chairman of IPMAN, Enugu Depot Community comprising Anambra, Ebonyi and Enugu States, made the call in anContinue Reading
By Aluta News May 14, 2023 The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this to the News Agency of Nigeria (NAN) on Sunday in Abuja. According to Oniha,Continue Reading
By Aluta News May 12, 2023 Telecommunications Operators in Nigeria say they have been granted approval by the Nigerian Communications Commission (NCC) to disconnect banks over N120 billion Unstructured Supplementary Service Data (USSD) debt. This was made known in a statement signed by Mr Gbenga Adebayo, Chairman of the AssociationContinue Reading
By Aluta News April 16, 2023 Former Local Government chairmen and councillors sacked on May 29, 2019 by Gov. Seyi Makinde.of Oyo State have disagreed with the governor on his proposed plan to pay the N3.4 billion judgment debt in installments. The affected ex-council chiefs, led by Bashorun Ajuwon, madeContinue Reading
By Aluta News Sept 29, 2022 The Association of Telecommunications Operators of Nigeria (ALTON) says banks’ Unstructured Supplementary Service Data (USSD) debt has increased to N80 billion from N42 billion reported in 2021. The President of ALTON, Mr Gbenga Adebayo, disclosed this during the ICT Growth Conference 2.0. organised by the Nigeria InformationContinue Reading
By Aluta News Aug 12, 2022 The Bayelsa government on Friday said it spent N3.52 billion on servicing its loan obligations to commercial banks for the month of May. The News Agency of Nigeria (NAN) reports that domestic debt stock data from the Debt Management Office for Bayelsa as ofContinue Reading
