Cross River H1 External Debt Servicing Increases By 256% To N7.8Bln
While Lagos placed first with Kaduna coming in second in terms of sums, Cross River which places third witnessed the highest jump in terms of percentage difference.
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Business & Economy
Breaking News
Business & Economy
13 New Governors Borrowed N226.8bn In Six Months – DMO
- by Admin
- April 1, 2024
By CrossRiverWatch Admin In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from Domestic and external financiers. This emerged as findings by Sunday PUNCH showed that 16 state governors also increased the debt profile of their states by N509.3bn with domestic and external debt of N243.95bn and $298.5m (N265.37bn),
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Business & Economy
Podcast
Cross River’s Scandalous Debt Burdens: What Will Prince Otu, Do Differently? BY AGBA JALINGO
- by Admin
- May 14, 2023
According to figures from the National Bureau of Statistics NBS and the Debt Management Office DMO, Cross River’s external debt grew from $184.6 million in June 2021 to $279.71million (N129,640,000000. current official exchange rate), in December 2021. While our internal debt has also risen from N159 billion to N197.2 billion at the end of December
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Business & Economy
National News
South-South Domestic Debt Hits N988bn, Foreign Debt $873.3m
- by Admin
- November 22, 2022
By Richard Ndoma, Leadership Newspaper Chairman of the Fiscal Responsibility Commission, Mr. Victor Muruako has disclosed that domestic debt owed by six States in the South-South geo-political zone of Nigeria has reached N988.06 billion while the zone’s foreign debt stood at $873.3 million. The figure, according to the FRC Chairman, is the debt profile for
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Business & Economy
CrossRiverWatch TV
Podcast
Debt Repayment: N1.3 Billion Deducted From Cross River State In First Quarter Of 2022
- by Admin
- July 17, 2022
By Ogar Monday Listen To The Report According to information from the Debt Management Office between January, February, and March, a total of N1.3 billion was deducted from Cross River State’s accrued revenue to offset part of the State’s external debt. The N1.3 billion is 6.3% of the N21.62 billion external debt deductions from all
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Business & Economy
CrossRiverWatch TV
Investigation
Podcast
Investigation Into Cross River State Debt Misery: How N1.4bn Illegal Foreign Loan Cannot Be Accounted For
- by Admin
- June 2, 2022
By Ekemini Simon, TheMail Listen To The Report In 2019, despite being the only State out of the 36 States of the Federation including the Federal Capital Territory, that exceeded borrowing ceiling due to high debt burden, Cross River State Government went on to acquire loans including an unapproved foreign loan of N1.4 billion. Yet,
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Politics
Man Pleads Hon. Eta Mbora To Pay Debt Owed Since 2013
- by Admin
- March 29, 2022
By CrossRiverWatch Admin Listen To The Report A former employee of the Punch Newspaper has made a public appeal asking Hon. Eta Mbora, Member Representing Calabar/Odukpani Federal Constituency to pay a debt he owed him since October of 2013. Mr. Nseobong Brown who said the debt was incurred while Mbora was still the Chairman of
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Opinion
Aero Contractors Owe Cross River N600m And A Bombardier Aircraft Parked As Scrap At Ikeja Airport BY AGBA JALINGO
- by Admin
- August 26, 2021
Early in August 2015, CrossRiverWatch investigators were granted rare access, to ascertain the level of work in the 70 seater Dash 8-Q200 series aircraft with registration number 5N GRS which was purchased by the Liyel Imoke administration, from the Rivers State Government since 2013, and given to Aero to run the Calabar-Bebi route, but has