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Tag "debt"

Africa needs $3trn yearly until 2030 to achieve SDGs, says UNECA

    Africa needs $3trn yearly until 2030 to achieve SDGs, says UNECA

The United Nations Economic Commission for Africa (UNECA) says the continent needs $3 trillion annually until 2030 to achieve the sustainable development goals (SDGs). Claver Gatete, executive secretary of UNECA,

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Dikko Radda: We’re still paying debt incurred by past administrations — no new loan secured

    Dikko Radda: We’re still paying debt incurred by past administrations — no new loan secured

Dikko Radda, governor of Katsina, says the state government has not obtained any loan since the beginning of his administration. In a statement on Wednesday by Ibrahim Mohammed, his chief

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‘To reduce debt’ — Nigerian Breweries to raise N600bn through rights issue

    ‘To reduce debt’ — Nigerian Breweries to raise N600bn through rights issue

Nigerian Breweries (NB) Plc says it will raise N600 billion through rights issue to reduce its debt burden. This was disclosed in a statement signed by Uaboi Agbebaku, the company

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Peter Obi: N10trn being spent on servicing Nigeria’s ‘unproductive’ debts

    Peter Obi: N10trn being spent on servicing Nigeria’s ‘unproductive’ debts

Peter Obi, former governor of Anambra state, says N10 trillion is spent by the federal government on ‘unproductive’ debts. Obi, the presidential candidate of Labour Party (LP) in the 2023

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DMO: Nigeria’s public debt now N97trn, rose by N9trn in Q4 2023

  DMO: Nigeria’s public debt now N97trn, rose by N9trn in Q4 2023

The Debt Management Office (DMO) says Nigeria’s total public debt rose to N97.34 trillion in the fourth quarter (Q4) of

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Cadbury Nigeria shareholders approve conversion of $7.7m debt to equity

  Cadbury Nigeria shareholders approve conversion of $7.7m debt to equity

The shareholders of Cadbury Nigeria Plc have approved the conversion of an outstanding intercompany loan of N7.03 billion ($7.71 million)

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Ghana enters agreement with creditors to suspend debt payment until 2026

  Ghana enters agreement with creditors to suspend debt payment until 2026

Ghana has won a moratorium with official creditors on debt payments through May 2026, and intends to negotiate a deal

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Cadbury board moves to sell 402m shares over inability to pay $7.7m debt

  Cadbury board moves to sell 402m shares over inability to pay $7.7m debt

Cadbury Nigeria has offered to swap its $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited for more

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‘Entirely false’ — Stallion Nigeria appeals UBA’s claim of N156bn debt

  ‘Entirely false’ — Stallion Nigeria appeals UBA’s claim of N156bn debt

Stallion Nigeria Limited has denied owing United Bank for Africa (UBA) N156 billion as claimed by the bank. The company,

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‘Mobilise more domestic revenue’ — IMF advises African countries on avoiding debt crisis

  ‘Mobilise more domestic revenue’ — IMF advises African countries on avoiding debt crisis

The International Monetary Fund (IMF) has made some recommendations on policy actions African leaders must take to avoid a debt

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