Sunday, January 23, 2022
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Tag "debts"

Report: FG plans to borrow additional $2.1bn through eurobonds

    Report: FG plans to borrow additional $2.1bn through eurobonds

The federal government is considering another eurobond issuance in the international capital market (ICM) to raise $2.1 billion. This is part of the federal government’s borrowing plans to part-finance the

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AMCON’s seizure of my house not necessary, says Abdulfatah Ahmed

    AMCON’s seizure of my house not necessary, says Abdulfatah Ahmed

Abdulfatah Ahmed, a former governor of Kwara state, says the takeover of his house by the Asset Management Corporation of Nigeria (AMCON) was unnecessary. A federal high court in Lagos

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Accumulating debts for next generation is criminal, Obasanjo tells FG

    Accumulating debts for next generation is criminal, Obasanjo tells FG

Former President Olusegun Obasanjo has faulted the federal government’s plan to source fresh external loans. He said the FG was accumulating debts for the next generation, describing it as “criminal.”

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Airtel Africa signs $500m loan facility with banks to refinance Eurobond

Airtel Africa says it has successfully signed a new $500 million loan facility with a group of relationship banks to partially refinance the telecom group’s €750 million Euro-denominated bond. This

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FG mulls forbearance for banks to restructure oil firms’ debts

  FG mulls forbearance for banks to restructure oil firms’ debts

The federal government says it is considering a regulatory forbearance for banks to restructure loans granted to oil and gas

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FG’s foreign debt is $27.6bn NOT $76bn, DMO replies Falana

  FG’s foreign debt is $27.6bn NOT $76bn, DMO replies Falana

The Debt Management Office (DMO) says Nigeria’s outstanding external debt is $27.6 billion. In a freedom of information (FoI) request

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COVID-19: FG writes off N4.2bn debt of broadcast stations

  COVID-19: FG writes off N4.2bn debt of broadcast stations

The federal government has cancelled 60 percent of the debt owed to it by broadcast stations to cushion the effects

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COVID-19: Reduce or forgive debts burdening poor nations, Pope tells world leaders

  COVID-19: Reduce or forgive debts burdening poor nations, Pope tells world leaders

Pope Francis has called for the reduction or outright forgiveness of debts of poor countries. In an Easter message at

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‘Airlines’ indebtedness to NCAA over N10bn’

  ‘Airlines’ indebtedness to NCAA over N10bn’

The Nigerian Civil Aviation Authority (NCAA) says the agency has put in place measures to prevent the emergence of new

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FAAN shuts Gombe, Kebbi airports over debt

  FAAN shuts Gombe, Kebbi airports over debt

The Federal Airports Authority of Nigeria (FAAN) has closed down the Gombe and Kebbi airports as a result of over

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