Africa: 32 African Countries Now Spend More On Debt Servicing Than Healthcare - Experts

One of the experts said Africa's debt crisis should not be viewed only through economic indicators but through its impact on ordinary citizens Read more »

Nigeria: Airline Operators Reject NCAA Debt Claims, Seek Review of Ticket Charges

The airlines say domestic carriers do not owe the NCAA for regulatory services, insisting payments are made before services are rendered. Read more »

Nigeria: Should Nigeria Continue to Borrow Just Because It Can?, By Uddin Ifeanyi

Unfortunately, the Nigerian state, intoxicated by crude oil exports and persuaded that global risk events will at some point push oil prices high enough in the future to make the… Read more »

Nigeria: Tinubu Approves 30% Discount On Airlines' Debt to Aviation Agencies

The approval is expected to ease financial pressure on airlines grappling with rising operational costs. Read more »

Nigeria: Nigeria's Debt-to-GDP Ratio Hits 32.3%- IMF

Meanwhile, the Debt Management Office (DMO) announced, on Wednesday, that Nigeria's total public debt for federal and state governments rose to N159.27 trillion at the end of… Read more »

Nigeria: Public Debt Sustainability and Fiscal Responsibility in Nigeria

I was recently invited to give a lecture with the above title by Professor Jide Oladipo, the erudite Dean of the Faculty of Social Sciences at Nile University, Abuja to mark their… Read more »

Nigeria: Court Freezes N448m Assets in Keystone Bank Debt Recovery Suit

The order stemmed from suit involving a N500 million overdraft facility granted by Keystone to Relic Resources Limited on 28 March 2023, with a tenure of 365 days and an interest… Read more »

Nigeria: #EndSARS - Lawyer Writes Lagos Police Commissioner, Demands Payment of N10m Judgement Debt

We trust as a senior law enforcement officer you will promptly comply with the Judgment of the Honourable Court accordingly," the lawyer's letter read. Read more »

Africa: Africa CDC Seeks $1bn Health Financing Model Through Debt Swaps

Mr Kaseya said sustainable financing is now one of the institution's five strategic pillars, with a focus on mobilising innovative domestic resources and exploring previously… Read more »

Nigeria: Special Report - Edo's N14.15 Billion Extra-Budgetary Spending Raises Questions About Fiscal Discipline Under Okpebholo

Expenditures were made outside legislative approval, several arms and departments of the Edo government under Governor Monday Okpebholo. Read more »

Nigeria: University of Abuja Dismisses Claims of Nelfund Loans Mismanagement

Since the disbursement of NELFUND loan to the University, management has ensured that all eligible beneficiaries were reimbursed, provided they duly applied while no funds have… Read more »

Nigeria: Tinubu Approves Write-Off of $1.42bn, ₦5.57tn NNPC Debt

The presidential approval comes amid ongoing reform efforts by the federal government to address legacy financial issues in the energy sector Read more »

Nigeria: Reps Give Ibadan, Benin, Port Harcourt Discos 72-Hour Ultimatum Over N100bn Debt

The lawmakers said the companies have repeatedly failed to honour the committee's summons. Read more »

Nigeria: Nigeria's Debt Crisis Threatens Youth Climate Goals - Report

"The true cost of Nigeria's rising debt is not in spreadsheets, but in the lives of vulnerable citizens." Read more »

Nigeria: Nigeria's Medium-Term Revenue Projection More Realistic, but Debt Service Remains Worrisome - Report

Setting aside as much as N15.9 trillion to repay debt, CPPE warned, may also leave little for socio-economic priorities like security, social programmes and investment in… Read more »

Nigeria: Banditry in Rural Katsina (I) - Victims, Families, Communities Live in Fear, Debt

"We held several peace talks with these bandits and even gave them money for protection not too long ago. We contributed money during the first meeting, but they came back a second… Read more »

Nigeria: Nigeria Must Prioritise Debt for Infrastructure, Not Consumption - Alaje

"Borrowing just to cover recurrent expenses does not stimulate economic growth." Read more »

Nigeria: Group Laments Nigeria's Rising Debt Burden, Calls for Preventive Mechanism

The group urged both the legislative and executive arms of government to act "decisively by establishing a robust Public Debt Integrity Mechanism to prevent a looming fiscal… Read more »

Nigeria: Reps Speaker Raises Alarm Over Nigeria's Rising Debts, Says Country Owes N149trn

The speaker cautioned that Nigeria's debt profile had now reached a critical point, underscoring the urgency of reforming oversight mechanisms and ensuring that all borrowing… Read more »

Nigeria: N4trn Debt - Reps Broker Peace Between FG, Contractors, Payment Begins Monday

"We had over four hours engagement and they left here smiling. We got the strategy in place, and we're going to come back on the 21st of this month to review what we've done so… Read more »

Nigeria: An Urgent Appeal to the Minister of Finance - Nigeria's Vital Need for a New Debt Reporting Template

A new reporting template that tracks debt from disbursement to delivery and explicitly connects it to development outcomes has the power to empower citizens, civil society, and… Read more »

Nigeria: Reps to Probe Nigeria's €1.2m Debt to Oacps

There are reports that Nigeria has struggled to meet its financial obligations consistently, potentially hindering the organisation's operations and the implementation of projects. Read more »