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The Lagos State House of Assembly has approved Governor Babajide Sanwo-Olu’s request of ₦ 85 billion special dispensation for bond redemption as well as ₦85 billion for bridge loan for a quarter.
Nigeria’s imports from China are rising exponentially, compared to other major trading partners, including Europe, Asia and America, data from the National Bureau of Statistics (NBS) has shown.
The Civil Society Legislative Advocacy Centre (CISLAC), has expressed concerns over $2.18 billion foreign loan request to the Nigerian Senate to fund the 2021 Appropriations Act, by President Muhammadu Buhari.
International Monetary Fund member countries have agreed to clear Sudan’s arrears to the institution, France’s president said on Monday, removing the final hurdle to the African nation getting wider relief on its external debt of at least $50 billion.
The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan.
Two Nigerian lenders – Zenith Bank Plc and Access Bank Plc – are among the list of financial institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union Bank Plc and other African assets of Atlas Mara Group, a Pan-African banking group.
The media has been awash with commentaries on the purported management changes at First Bank of Nigeria Ltd (FBN) and the related regulatory inquiry by the Central Bank of Nigeria (CBN) to the Board of First Bank of Nigeria Limited. It has therefore become necessary for me to address the public to clear any misconceptions.
Shareholders of FCMB Group Plc (www.fcmbgroup.com) have restated their confidence in the financial institution to sustain its impressive performance and deliver more value.
Congo Republic's President Denis Sassou Nguesso pledged to reform and simplify business and tax laws to help boost economic growth as he was sworn in on Friday, prolonging his 38-year reign over the central African oil producer.
ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile
A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily.
Chad’s President Idriss Deby, an ally of Western nations in the fight against Islamist militants, is poised to extend his three-decade rule in Sunday’s election despite mounting signs of popular discontent with his leadership.
Against the backdrop of a pandemic impacted global and national economies, the International Monetary Fund (IMF) and World Bank have urged fiscal authorities to execute flexible and supportive fiscal policies to support economic recovery and cushion the long-term impact of the pandemic.
Finance ministers of G-20 countries have approved an extension of debt relief for the world’s poorest nations till December 2021.
World Bank president David Malpass says G-20 countries may extend debt service suspension till December.
Sudan has settled its debts with the World Bank after nearly three decades, moving the heavily indebted African country closer to a much-needed international debt-relief package, the World Bank, U.S. Treasury and IMF said on Friday.
High Court sitting in Calabar has admitted 17 exhibits against Management of University of Calabar Teaching Hospital over unsettled debt which the hospital owed one of its contractors, Obi Achara Ltd and Anor, after executing a N68m contract for the hospital since 2016.
The Police Command in Akwa Ibom said it arrested 15 suspected cultists in Eket Local Government Area of Akwa Ibom.
UEFA has abolished the away goals rule for all of its club competitions from next season.
Super Eagles striker, Victor Osimhen, is warming-up his engine in Lagos by playing regularly with local footballers in the community.
Jack Grealish's stock in the footballing world has been on the rise for quite some time now.
BBNaija reunion on Thursday night witnessed a brawl as two female housemates, Kaisha and Lucy, engaged in a physical fight.
A 24-year-old woman, Abibat Kehinde, has been abandoned at Epe General Hospital, Lagos State, over N131,000 unpaid bills, three months after she gave birth to twins at the hospital.
Plateau State Coordinator of State Operation Coordinating Units (SOCU), Kenneth Isah, said over one Million households in Plateau State captured on Rapid Response Register (RRR) would benefit Federal Government N5,000 monthly intervention to cushion the economic effect of COVID-19.
United Nations Secretary-General Antonio Guterres was appointed for a second five-year term on Friday by the 193-member U.N. General Assembly.
The Federal Capital Territory (FCT) Police Command has arrested a man who robbed and killed his female victim after snatching her mobile phone at...
The Nigeria Security and Civil Defence Corps (NSCDC)’s Agro Rangers’ productivity has been slowed down due to several challenges confronting the unit, notwithstanding its marked performance.