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The International Monetary Fund (IMF) has approved $650 million in aid to Senegal to support the West African country's COVID-19 recovery, it said in a statement late on Monday.
Dozens of people were said to have been killed in a raid by Islamist militants in Mozambique, as an upsurge of violence threatens billions of dollars worth of energy projects in one of Africa’s poorest nations.
Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals.
The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform.
The National Bureau of Statistics, NBS, says Nigeria’s total foreign and domestic debt stood at N32.22trn in the Q3 of 2020.
According to the NBS report on Nigeria’s Domestic and Foreign Debt Q3 2020, Nigeria’s total public debt stock constituting of external and domestic debts, stood at N32.22 trillion ($84.57 billion) as of September 30, 2020.
The Debt Management Office (DMO) says Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020.
Its Director-General, Dr Muda Yusuf, attributed the projected inflation outlook for the incoming year to the combination of food supply shocks, heightened insecurity in major food-producing states, foreign exchange policies, illiquidity and higher energy costs.
S&P Global Ratings Services cut its assessment of Zambia’s debt to selective default after it said it couldn’t meet payments and skipped a coupon on its Eurobonds last week.
Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021.
Following media reports insinuating that the Federal Government has no plans to issue Eurobonds as part of its external borrowing in 2019, the Debt Management Office (DMO) on Wednesday clarified that there was no such foreclosure.
The Nigerian Stock Exchange on Monday said the Federal Government raised N1.16trn from the nation’s bourse in 2018 to finance fiscal and infrastructure deficits.
The House of Representatives on Tuesday approved the request by President Muhammadu Buhari for $82.54 million to refinance the balance of $500 million matured Eurobond in the international capital market.
The Nigerian government on Wednesday said it will pay 50 per cent of entitlements owed ex-staff of the defunct Nigerian Airways in 2018 and pay the balance next year.
The Debt Management Office (DMO), says that with the redemption of about N840 billion of Nigerian Treasury Bills (NTBs), more funds are now available for lending by the banks to the private sector.
As Nigeria celebrates Democracy Day on May 29, the presidency has reeled out what the Muhammadu Buhari administration has achieved in the last three years it has been in power.
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Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
The White House will consider arranging talks between President Joe Biden and his Chinese counterpart, Xi Jinping, as the two countries spar over issues including human rights, a top U.S. official said on Thursday.
President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.
In an effort to decongest correctional centres, the Lagos State Ministry of Justice on Thursday held a plea bargain session for some inmates at...
Super Falcons coach Randy Waldrum has said he expects a difficult game against Portugal, who he described as “excellent” despite their loss to hosts USA in the Summer Series.
Burkina Faso’s Army said it had killed more than 25 terrorists during sweep operations conducted from June 7 to June 13, but also lost three soldiers and six volunteers.
Super Eagles Captain, Ahmed Musa, has expressed dissatisfaction over crowd troubles in the Nigeria Professional Football League (NPFL).
The veteran winger, who can also play at wing back, helped the Milan giants lift the Serie A trophy this past season.
The Peoples Democratic Party (PDP) has said that the report by World Bank that seven million Nigerians have been pushed into poverty in the last one year, clinically belies the integrity posturing of President Muhammadu Buhari and the ruling All Progressives Congress (APC).