Debt

The Minister of Higher Education, Blade Nzimande revealed that universities are owed more than 700 million US dollars in fees due between 2010 and 2020 with historically disadvantaged institutions bearing the brunt of the costs.…

Nigerian government has asked seventy seven oil and gas companies to pay over Two point Six trillion naira debt. The debt were acquired as a result of the companies’ failure to remit petroleum profit tax, company income tax,…

Ethiopia has asked the International Monetary Fund for a new deal, days after France and China co-chaired the first meeting of the nation’s major creditors panel to rework its previous debt. Setting up a creditors’ panel and an agreement…

Nigeria’s International Development Association (IDA)’s Debt Stock stands at USD11.7 billion, the Debt Management Office (DMO), has said. IDA loans represent one of the most favourable borrowing options for countries like Nigeria…

The Argentine Government has made progress in talks with the International Monetary Fund (IMF) on restructuring the country's crippling debt, according to the economy ministry. The Argentine Economy Minister, Martin Guzman, met…

Nigerian States and Federal Debt Stock data as of 31st March 2021 reflected that the country's total public debt portfolio stood at N33.11trn, according to the latest report by the National Bureau of Statistics (NBS). Further…

East Africa’s largest economies plan to borrow at least $16 billion to fund an economic revival, while striving to ease their debt burdens after the coronavirus pandemic battered governments’ revenue. Finance ministers in…

The Asset Management Partners (AMPs) scheme of the Asset Management Corporation of Nigeria (AMCON) are set to change their recovery strategy by making use of special powers  contained in the amended AMCON Act 2019,  signed into law by…