DEBT

Nova Merchant Bank Limited has asked a Federal High Court in Lagos to place a lien on the assets of Midwestern Oil and Gas Company Limited with the Central Securities Clearing System…

The Asset Management Corporation of Nigeria (AMCON)…

Contrary to some reports that the Assets Management Corporation of Nigeria (AMCON) could take over the Dangote Refinery over debts owed by the Dangote Group to banks, the corporation…

THE Eko Electricity Distribution Company (EKEDC) has thrown the University of Lagos (UNILAG) Akoka, Yaba, Lagos into darkness over unpaid debt of about N200 million it billed…

With a muted ceremony and an empty stadium the much delayed Tokyo Olympic Games have finally begun. The shadows of cancellation loom as COVID-19 cases continue to rise. There is a lot at…

Ghana owes a total of $160m for gas supplied to its largest power producer, Volta River Authority, from Nigeria through the West Africa Gas Pipeline, our correspondent has learnt. N-Gas Limited, a company owned by the Nigerian National…

…Who Will Save Ife Prince From His Troubles? It is not only boys that are not smiling, a reminder of that lingo made popular by a Nigerian rapper; some acclaimed millionaires can’t even afford a smile, as much as they can’t afford a good…

31 states can’t survive without federal allocation The report of the National Bureau of Statistics (NBS) on 36 states’ Internally Generated Revenue (IGR) has unmasked the financial strength of states, putting them in three…

The Chairman of the House of Representatives Committee on Banking and Currency, Jones Onyereri, says the House is currently working at amending the Act establishing the Asset Management Corporation of Nigeria. He said the proposed…