5 articles tagged
The Acting Vice-Chancellor of the University of Uyo, Prof. Samuel Odewumi, has stated that Nigeria's borrowing activities are not the primary economic problem, but rather the misuse and corruption associated with these funds can significantly harm the nation's economy and growth prospects.
A growing turmoil in the global private credit market, marked by defaults and regulatory concerns, poses a significant threat to Nigeria's economy. Potential fallout includes capital flight, currency depreciation, and increased debt servicing costs.
Reno Omokri asserted that President Bola Tinubu inherited a debt of $113 billion from former President Muhammadu Buhari, which he claims has been reduced to $103.9 billion. Fact-checking reveals inaccuracies in this statement.
The University College Hospital (UCH) in Ibadan faces a significant power crisis that has raised alarms regarding Nigeria's healthcare infrastructure. Management revealed that the ongoing power issues stem from an unpaid electricity bill totaling approximately N400 million, which is part of a larger debt of N3.1 billion incurred since 2019.
The Federal High Court in Lagos has determined that AMNI International Petroleum Development Company is unable to fulfill a debt of $15.3 million owed to Cenroc. Consequently, a lawyer, Sam Aiboni, has been appointed as the administrator to oversee the company’s assets.
