debt

Nigeria’s Debt Service Hits Record 162% Amid Subsidy and FX Reforms Nigeria’s debt service-to-revenue ratio surged to 162% in Q1 2024, a sharp increase from 128% in the same period last year, despite policies meant to bolster government finances. Here’s a closer look at the implications: Debt...

NNPC Begins Repayment of $6 Billion Petrol Supply Debt, Says Finance Minister Edun In a significant development, the Nigerian National Petroleum Company (NNPC) Limited has started repaying a $6 billion debt owed to suppliers of premium motor spirit (PMS), commonly known as petrol. The...

Nigerians help me beg Davido to refund my £15,000, man cries out An abroad-based man cries out to Nigerians to help beg Davido to refund his £15,000. He said that he had a song with Davido 5 years ago which hasn't been released to date. According to him, the Afrobeats star said he isn't ready...

SEC APPROVES FCMB ASSET MANAGEMENT'S PRIVATE DEBT FUND: 1. Fund Approval: - The Securities and Exchange Commission (SEC) has approved the private debt fund sponsored and managed by FCMB Asset Management Limited, with support from TLG Capital Investments Limited (TLG Capital) UK. 2. Fund...

Nigerians help me pay the loan I'm owing Palmpay, lady cries out Nigerian lady cries out over the unpaid debt she owes Palmpay, an online bank in Nigeria. She said she borrowed N32,000 from Palmpay but was only able to pay back N10,000. Since she couldn't clear her debts on the agreed day...