Tag: debt
NNPC admits debts owed fuel suppliers responsible for scarcity
The Nigerian National Petroleum Company Limited (NNPC Ltd) has explained that fuel scarcity persists in the country because it is owing petrol suppliers.
The deficit...
N6.2bn debt: Nova Merchant Bank files winding-up petition against Emzor
Nova Merchant Bank has filed a winding-up petition at the Federal High Court in Lagos over a loan of N6,205,575,569.93 allegedly given to Emzor...
GTBank to seize assets belonging to Afex over ₦17.8bn debt
A Federal High Court in Lagos has granted permission to Guaranty Trust Bank (GTB) to temporarily seize the funds and assets of Afex Commodities...
UCH, IBEDC tackle each other over N400m debt as DisCo disconnects...
The University College Hospital (UCH) in Ibadan, Oyo State traded words with the Ibadan Electricity Distribution Company (IBEDC) on Wednesday after the hospital was...
Gbadebo Rhodes-Vivour reacts to allegation against wife
Former governorship candidate of the Labour Party in Lagos State Gbadebo Rhodes-Vivour has reacted to the allegation made against his wife Ifeyinwa Rhodes-Vivour (née...
Gbadebo Rhodes-Vivour’s wife called out for allegedly owing former employee
Ifeyinwa Rhodes-Vivour (née Aniebo), wife of the former governorship candidate of the Labour Party in Lagos State, Gbadebo Rhodes-Vivour, has been accused of owing...
Coming generations have no choice but to pay Africa’s debts –...
Former President Olusegun Obasanjo has expressed sadness over the debt profile of African countries.
Speaking on Wednesday at an event with the 2023 awardees of...
Alleged N20.7bn debt: Court freezes accounts of Danium Energy, chairman Kehinde...
A Federal High Court in Lagos has restrained all commercial banks in Nigeria from releasing funds totalling N20.7 billion to an oil company, Danium...
Court restrains Swift Networks from accessing N7bn in Union Bank, Polaris,...
A Federal High Court in Lagos has restrained Swift Networks Limited from accessing its funds up to N7,037,410,548.23 in 25 banks pending the determination...
Ignore Ecobank, Otudeko writes FBN
Businessman Oba Otudeko has written to FBN Holdings to ignore a petition by Ecobank’s lawyers, demanding rejection of 4.7 billion shares purchased by him.
Otudeko...