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Debt
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AFC leads €2bn syndicated global loan for Bank of Industry
By Stanley Onyeka, Lagos Africa Finance Corporation (AFC), has announced its role as Global Coordinator, Lead Co-Arranger, Underwriter,…
Nigeria prices $2.2bn in 6.5-year, 10-year Eurobonds to finance budget deficits
Nigeria has successfully priced $2.2 billion in Eurobonds maturing in 2031 and 2034 in the international capital markets.…
Tinubu writes Senate, seeks approval of new external borrowing plan of $2.2bn
President Bola Tinubu has sought the approval of the Senate for implementation of a $2.2 billion new external…
₦10.01trn debt: Cut dependence on foreign loans, BudgIT tells states
By Stanley Onyeka, Lagos With total debt stock standing at a whopping N10.01trillion as of December end 2023,…
World Bank approves fresh $1.57bn loan for Nigeria
By Tochukwu Bliss, Abuja The World Bank yesterday, said it has approved another $1.57billion for Nigeria arising from…
Oil companies owe FG over $6bn, N66bn, says NEITI
By Stanley Onyeka, Lagos The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, said outstanding collectible revenues due to…
Heritage Bank: NDIC working to pay depositors fund exceeding N5m
The Nigeria Deposit Insurance Corporation (NDIC), says plans are ongoing to pay depositors of the defunct Heritage Bank…
Rising multibillion-dollar debts in sub-Saharan Africa destroying lives: UNAIDS
The Joint United Nations Programme on HIV/AIDS has released a report on how the debt crisis is jeopardising…
SERAP demands details of Chinese loans, liabilities, repayments, others from governors, Wike
By Stanley Onyeka, Lagos SOCIO-Economic Rights and Accountability Project (SERAP) has asked Nigeria’s 36 state governors and the…
SERAP urges Tinubu to probe $1.5bn World Bank loan to 36 states, $3bn Chinese loans to FG
By Stanley Onyeka, Lagos Socio-Economic Rights and Accountability Project (SERAP), has called for a probe into the spending…