Nigeria Now World Bank’s Fourth Highest Borrower With $13bn Stock Debt EKO HOT BLOG reports that rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. EDITOR’S PICK SecureID Applauds LASG, Says Residents Cards Will Harmonise MDAs 2023: Wike Discloses Recent Findings, Warns PDP, APC, SDP Ahead … Read more
AMCON Ordered By Court To Seize Babatunde Folawiyo’s Assets Over N727.9m Debt The court order came after the law firm of Seun Omotoba filed an application with the court Eko Hot Blog reports that Tijani Babatunde Folawiyo, a Lagos millionaire businessman, is having a bad time, as a Federal High Court in the state … Read more
Zainab Ahmed, the minister of finance, budget and national planning, has projected that Nigeria’s debt profile would hit N38.68 trillion by December 2021. Speaking when she appeared before the senate committee on local and foreign debts on Tuesday, Ahmed estimated that both external and domestic debt would rise to N32.51 trillion by December 2020. According … Read more
Former President Olusegun Obasanjo says rising debt makes him worried about the future generations who would have to pay such loans. Ekohotblog understands Olusegun Obasanjo stated this during his speech at “The Nigerian Story, Why I am Alive Campaign”, which held on Friday in Lagos. Obasanjo said as of 2015, Nigeria’s total external debt was … Read more
India’s Prime Minister, Narendra Modi, made an unexpected visit Sunday to a Colombo church bombed during the Easter suicide attacks on his first trip to neighbouring Sri Lanka since his election triumph. Modi’s cavalcade made a detour to St Anthony’s shrine on the way to President Maithripala Sirisena’s sea-front office in the capital, where a … Read more
The Debt Management Office (DMO) has announced Nigeria’s total debt stock comprising external and domestic debts stand at N24.387 trillion. Director General of the DMO, Ms. Patience Oniha made this disclosure at the public breakdown of the nation’s public debt data in Abuja on Thursday. According to Oniha, “the Total Public Debt stood at N24.387 trillion … Read more
A 42-year-old newspaper vendor, Ameachi, hanged himself in his one room apartment at Okpe Road area of Sapele, Delta State; his dangling body was discovered yesterday morning. A neighbour, Mama Ngozi, said: “We last saw him on Monday when he was leaving the house. Nobody knew when he came back to the house. We … Read more