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Debt
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Tinubu to meet GenCos over N4 trillion debt
By Tochukwu Bliss, Abuja Power generation companies (GenCos) have been scheduled to meet with President Bola Tinubu, aimed…
Petrol marketers threaten to halt operations over N100 billion bridging claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to shut down operations if the Nigerian Midstream…
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…