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Debt
67 posts
World Bank approves $300m to strengthen Ghana’s economy
The World Bank Group said it has approved $300 million in funding to strengthen Ghana’s economy. The decision…
Afreximbank disburses $2.25bn NNPCL crude oil prepayment facility
African Export-Import Bank (Afreximbank), says it has successfully arranged a syndicated $3.3 billion crude oil prepayment facility sponsored…
Ghana official creditors to meet Monday to discuss debt restructuring terms
Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some $5.4 billion in loans to…
Developing countries paid record $443.5bn on public debt in 2022
Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion…
NDCC has over N1trn debt profile; IOCs, FG refusing to remit funds: Senate
The Senate Committee on Niger Delta Development Commission on Thursday in Abuja frowned at the non-remittance of funds…
Nigeria can’t rely on borrowing for 2024 budget — Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria cannot rely on borrowing…
Tinubu seeks Senate approval for $7.8bn, €100m loans
President Bola Tinubu has sought the approval of the Senate for the 2022–2024 external borrowing plan of $7.8…
NGO tasks Nigeria on review of borrowing policy
The Grassroots Entrepreneurship Skills Acquisition (GESA) Initiative, an NGO, has called on the Nigerian government to look inwards…
FG seeks additional $1.5bn World Bank loan
. Insists Nigeria’s debt is sustainable The Federal Government said it has approached the World Bank to secure…
IMF to mediate between debtor countries and creditors
The International Monetary Fund (IMF) says it is playing an active role in mediating on the debt debacle…