Tag: debt

Accountant-General says prolonged approval and disbursement timelines could affect Nigeria’s willingness to proceed with World Bank loan arrangements.

The order stemmed from suit involving a N500 million overdraft facility granted by Keystone to Relic Resources Limited on 28 ...

“The true cost of Nigeria’s rising debt is not in spreadsheets, but in the lives of vulnerable citizens.”

Mr Babalola called for urgent reforms and responsible fiscal management to restore Nigeria's economic stability, investor confidence, and sustainable development.

The government said the intervention is the largest in over a decade, and will address a legacy debt overhang that ...

Unproductive debt must not define Africa’s destiny. Rwanda, South Korea, Singapore, and China show that debt, when anchored in discipline, ...

Some of the experts urged governments in the West Africa region to strengthen data systems, especially debt management information systems, ...

The speaker cautioned that Nigeria’s debt profile had now reached a critical point, underscoring the urgency of reforming oversight mechanisms ...

The Public Accounts Committee summoned the DIscos after reviewing the 2021 Auditor-General’s report, which raised serious concerns about financial management ...

It may not be the fancy-free scenario that reality star Porsha Williams had hoped for.

On Monday, the company held an emergency general meeting to consider “the measures for addressing the diminution in capital of ...

The group gave the advice following the Senate’s approval of the 2025-2026 external borrowing plan of $21.5 billion presented by ...

The figure comprises N68.89 trillion in external debt and N73.4 trillion in domestic debt.

The leaders said there is an urgent need for a new debt Jubilee to offer hope to humanity and prevent ...

“I'm Spiderman; why are they beefing my glory; they're watching me like a movie.”

AEDC gave the relevant MDAs notice that from 28 February, it would embark on disconnecting its services to them until ...

The reality is that the world has been torn apart by this corrosive, selfish ambition of states couched in nationalistic ...

“The natural resource-backed loans are non-transparent, expensive and make debt resolution difficult.”

Lagos State recorded the highest external debt with US$ 1.26 billion, followed by Kaduna with US$569.38 million

Mr Buhari had in a letter in 2022 requested that the N22.7 trillion Ways and Means loan should be converted ...

The figure reflects a 14.46 percent increase when compared to N39.56 trillion recorded on 31 December, 2021.

Moody's, last week, cut the country’s foreign currency senior unsecured MTN program rating to (P)Caa1 from (P)B3.

Ogun State commissioner for Finance, Dapo Okubadejo, says the state is economically viable to carry its debt burden.

The immediate challenge for the next government is to stabilise the economy. This might require selling some of what remains ...

In the tiff between Onanuga and Alake on one side and Obaigbena on the other, the ordinary people of Nigeria ...