Day: October 11, 2021

Nigeria, 46 Other Low-Income Countries’ Debt Burden Rose 12% in 2020 To $860bn, Says World Bank

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The debt burden of the world’s 47 low-income countries, including Nigeria rose 12 per cent to a record $860 billion in 2020, according to a new report released at the ongoing hybrid annual meetings of the World Bank/Intenational Monetary Fund (IMF) in Washington DC, United States of America. The new International Debt Statistics (IDS) 2022 report observed that governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. It added that while these measures were aimed at addressing the health emergency, cushioning the…

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Gen Gowon Mourns With The Aguiyi-Ironsi Family

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Former Head of State Yakubu Gowon has commiserated with the family of the first Military Head of State, the late Maj.-Gen. Johnson Aguiyi-Ironsi, over the death of their matriarch, Mrs. Victoria Aguiyi-Ironsi. Mrs Victoria Aguiyi-Ironsi was the First Lady of Nigeria between Janaury 16, 1966 and July 29, 1966, when her husband was assassinated in a counter military coup. She died on August 23, 2021, at the Federal Medical Centre Umuahia, Abia, aged 97 years. Gowon, who is the Founder and Chairman of Nigeria Prays, described late Victoria Aguiyi-Ironsi as…

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Ruling On AMCON’s Suit Against Bauchi Government Over N1.5billion Debt Comes Up November 3

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Justice Chukwujekwu Aneke of a Federal High Court in Lagos will on November 3, 2021, deliver ruling in a suit by Asset Management Corporation of Nigeria (AMCON) against Bauchi State Government. On the said date, the judge is expected to decide whether or not to vacate a freezing order placed on about 20 bank accounts belonging to the Bauchi State Government. The freezing order was made by a vacation judge, Justice Tijjani Ringim, during the court’s long vacation. Justice Aneke fixed the matter for ruling after listening to submissions of…

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