Tag
DEBT
News and analysis about debt
The House of Representatives has summoned 48 oil companies operating in Nigeria to appear before its Committee on Public Accounts, in a series of investigative hearings probing a combined debt of N9.4 trillion.
Prof. Kevin Urama, Chief Economist and Vice President of Economic Governance and Knowledge Management at the African Development Bank (AfDB), has revealed that African countries will require $74 billion in 2024 to service their debt obligations.
Nigerian corporates retreat from the capital market as CBN's rate hikes surge borrowing costs, impacting new listings and economic growth.
The UN says developing countries are still struggling under debt payments obligations.
A road construction firm, Trans Engineering Nigeria Limited, informed the Federal High Court, Abuja on Thursday that after its orders, the Kogi state government has paid the N172,619,898.44 debt it owes them.
The Federal Government said it has made a payment exceeding $120 million from the $1.3 billion due to gas suppliers, in a bid to stimulate gas production in the country.
The Electricity Company of Ghana (ECG), a government-operated power provider, on Thursday temporarily disconnected electricity to the parliamentary complex to compel the legislative body to settle an outstanding debt of 23 million Ghanaian cedis (approximately $1.8 million).
According to the Breakdown & highlights of 2024 budget proposal, FG exceeded its 2023 debt service budget by N869.38 bn in 9 months.
People get into a little financial hiccup and to fix it they look for a means of getting a loan, borrowing from family and friends, etc.
Are you heavily indebted? There are ways you can get out of debt or at least reduce it in a way it doesn’t get you embarrassed.
One crucial thing you must do before starting a family is manage your debt and the stress that comes with it.
She advised the state governors to be mindful of the debt profile of their states, control expenditures as well as invest in infrastructure