Cadbury Nigeria has offered to swap its $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited for more equity. Cadbury Schweppes Overseas Limited, controlled by Mondelēz International Inc,
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Stallion Nigeria Limited has denied owing United Bank for Africa (UBA) N156 billion as claimed by the bank. The company, in a statement on Monday, described UBA’s claim as “entirely
Anambra state government said the N900 million owed to some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) was due to discrepancies in bills they submitted. The oil
Caleb Mutfwang, governor of Plateau, says his administration inherited a debt burden of N307 billion from the government of Simon
The International Monetary Fund (IMF) has urged central banks to refrain from monetising excessive government debt. Debt monetisation is when