N5.4trn debt: AMCON to seize assets of debtors
The Assets Management Company of Nigeria (AMCON) has said that there will be no more room for negotiation with obligors as the company is now set for a new stage…
CBN orders banks to resolve USSD disputes within 3 days
The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr Dipo…
350 Nigerians owe N4.3trn AMCON debt – Kuru
The Asset Management Corporation of Nigeria (AMCON), says that only 350 Nigerians are responsible for more than 80 per cent of the N5.4 trillion debt portfolio of the company. The…
FAAC disbursed N608.33bn to FG, states, LGs in May
The Federation Account Allocation Committee (FAAC) disbursed the sum of N289.04 billion to the Federal Government in May, the National Bureau of Statistics (NBS) has said. The NBS disclosed this…
3 Things African Entrepreneurs Need To Succeed – Ekeh
Africa’s leading technology entrepreneur, Leo Stan Ekeh, has laid out a blueprint for budding and potential business investors in Africa, noting that African entrepreneurs must apply 40% common sense, 20%…
Airtel, 9Mobile oppose 800MHz spectrum transfer from Visafone to MTN
Prof. Umar Danbatta, Executive Vice-Chairman of Nigerian Communications Commission (NCC), on Monday, said the commission was determined to provide qualitative services to subscribers. Danbatta said this at a public inquiry…
Why we increased oil production – OPEC
The Secretary-General of OPEC, Mr Muhammad Barkindo, has dismissed suggestions that pressure by Mr Donald Trump, US President, played a role in OPEC’s decision to increase oil production. Barkindo said…
UBA, others pay N155.45bn into AMCON sinking fund in 3 years, shareholders kick
Six Commercial banks have made payments totaling N155.45 billion into the sinking fund of Asset Management Corporation of Nigeria (AMCON) within three years, the News Agency of Nigeria (NAN), reports….
Nigeria losing revenue to oil majors, NEITI wants review of agreement
The Nigeria Extractive Industries Transparency Initiative (NEITI) has alerted the nation to the urgent need to review the Deep Offshore and Inland Basin Production Sharing Agreement between Nigeria and oil…
Danbatta, now Fellow NAE, says new data price out soon
The Nigeria Communication Commission (NCC) is looking to release a new price for data, Prof. Umar Danbatta, the Executive Vice Chairman of NCC, has said. Danbatta made the disclosure on…