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Tag: Debt
Nigeria’s Debt Hits N14trn In 7 Years
The report, which covers between 2015 and 2022, also revealed that no less than N30.58 trillion has been recorded as Nigeria’s budget deficit. Hence, while the Buhari-led administration has spent…
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Business Interview- Eben Joels: The board of bad banks should be held accountable for depositor funds that they lose.
To get Nigeria’s economy back, FG needs to make the political office less attractive. FG should empower unemployed youths through the aggressive development of IT knowledge acquisition platforms. Eben Joels…
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China to restructure Congo’s debt
Congolese Prime Minister Anatole Collinet Makosso acknowledged on Monday the financial difficulties his country is facing, and promissed to reduce a debt that has recently increased. "Our financial difficulties,…
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Shoprite in $10m judgment debt, barred from transferring assets
The Federal High Court in Lagos has made an order of mareva injunction stopping Shoprite Checkers (PTY) Limited from disposing of or transferring its assets out of jurisdiction…
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Why South Africa May Give in to IMF By Introducing Debt Ceiling
Country ‘open to’ a debt limit, Mboweni and Kganyago say Measures to rein in debt to be introduced from fiscal 2022 South Africa may introduce a debt limit in its…
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Over $14m Debt, Court to Hear Sahara Group’s Suit against Ecobank
Justice Rilwan Aikawa of the Federal High Court in Lagos has adjourned further proceedings till Friday, July 3, in an alleged $14million debt case between Sahara Group Limited and Ecobank…
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In Three Months, Nigeria Bulk Electricity Trading Plc Owes Power Stations N120bn
The Nigeria Bulk Electricity Trading Plc failed to pay 25 power producers a total of N119.55bn in the first three months of this year for the electricity produced and fed…
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