Fuel Supply in Peril as NNPC Reveals Massive Debt
The Nigerian National Petroleum Company Limited (NNPC) has admitted that it is having trouble paying its outstanding debts to suppliers, ...
Tag: Debt
Africa’s Sovereign Debt Surpasses $1 Trillion, UN Argency Warns
Amidst uncertainties in global economics, the UNECA cautions against growing difficulties in financing. Calling for sustainable debt management strategies as ...
Nigeria’s Legacy Loans: World Bank Reveals $10 6bn Debt Burden
According to the World Bank, Nigeria is currently repaying $10.6 billion worth of loans taken during the regimes of former ...
Delta State Clears N130 Billion Out of its Inherited N465 Billion Debt
The Delta State Government claims to have paid more than N130 billion out of N465 billion to lower the state's ...
NAMA Grounds Arik Airline’s Planes Due to $2.5 Million Debt Dispute
Arik Airlines is currently facing a major setback as the Nigerian Airspace Management Agency (NAMA) has grounded its planes from ...
Nigeria’s Debt Servicing Costs Soar to $15.55 Billion Amid Rising Borrowing Concerns
Latest data from the Central Bank of Nigeria (CBN) reveals that the country has spent a total of $15.55 billion ...
Ghana on the Brink of Debt Relief
Ghana is on the verge of a significant breakthrough in its quest to restructure its massive external debt burden. After ...
Nigeria’s public debt reaches N121.7 trillion
Nigeria's total public debt was N121.67 trillion ($91.46 billion) at the end of March this year. The Debt Management Office ...
N17 billion debt: 13 banks and 60 personnel Face Charges
On June 20, the Federal High Court in Lagos will hear contempt proceedings filed by Guaranty Trust Bank (GTB) against ...
Uganda in a Tightrope Walk: Taming Debt While Building the Future
Uganda's government faces a financial balancing act. The East African nation is grappling with a rising national debt, recently downgraded ...
Central Bank of Nigeria Spends $2.2 Billion on Debt Servicing in 5 Months
The Central Bank of Nigeria (CBN) has spent a staggering $2.2 billion on debt servicing in the first five months ...
Boeing’s Cash Crisis: Bondholders Scramble as Debt Downgrade Looms
Boeing's financial woes have sent its bonds into a tailspin, sparking fears of a debt downgrade that could plunge the ...
Singer Portable Arrested by Police for Unpaid G-Wagon Debt
Famous street singer, Habeeb Okikiola, who is popularly known as Portable, has been apprehended by the police for allegedly refusing ...
Zambia Faces Challenges: Drought, Debt, and Energy Shortages
Zambia, a major African producer of copper, is currently facing several challenges that affect its people and economy. Drought Threatens ...
World Bank: Nigeria will spend 160% of its revenue on debt service by 2027.
The World Bank warns that Nigeria's debt servicing cost-to-revenue ratio might approach 160% in five years without broad-based reforms to ...
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