Arik Air shareholders tackle AMCON over N455bn debt claim
The shareholders of Arik Air, an indigenous airline currently under the control of the Asset Management Corporation of Nigeria, have…
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Browsing Tag
debt
AMCON Mulls Arik Air Liquidation Over N227.64bn Debt
On Friday, the Asset Management Corporation of Nigeria (AMCON) said that it had not foreclosed on liquidating Arik Air due to the company's N227.64 billion debt.
Under Sir Johnson…
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Corruption responsible for Africa’s debt burden – Obasanjo
Former president Olusegun Obasanjo has said corruption and recklessness are responsible for some debts incurred by African countries.…
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Works Ministry Votes N10bn For Judgement Debt, Legal Fees In 2025
The Federal Ministry of Works has budgeted N5 billion to pay judgement debts arising from road projects.
The ministry also budgeted N5 billion for payment of legal fees in the…
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Local crude demand rises as NNPCL battles debt servicing
The Nigerian National Petroleum Company Limited may continue servicing its crude-for-loan obligations till 2029 as the demand for oil…
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