The debt shackles return
Michael Heise Global growth is accelerating. But before we break out the champagne, we should acknowledge the long-term risks to
Trade wars, debt: Biggest risks to world economy
A trade war and a new Cold War are threatening to rip apart the global economy. That’s the springtime message from the
Nigeria’s DMO says to redeem N482bn worth of treasury bills in Q2’18
Nigeria’s is planning to repay N482 billion to its treasury bills holders in the second quarter and hopes to halve the amount it
Debt-conscious millennials are a threat to credit cards
Millennials have been accused of disrupting many industries, from newspapers to brick-and-mortar stores. Credit cards appear to be
Dufil, privately held Nigerian noodle firm, to raise N40bn from debt market
Nigeria-based West Africa leading noodle company, Dufil Prima Food, is putting finishing touches to its plans to raise N40 billion
DMO sees $483.4m foreign debt service for Nigeria in 10 years
Nigeria’s debt office plans to use $483.4 million to service its foreign debt over a 10-year period and make repayments starting
Nigeria borrowed $11.44 billion to run the government in 18 months
*This information shows Nigeria stockpiled about 58.8% of total debts between 2015 and 2017. The financial condition of Africa’s
Role of debt in Nigeria
Debt has earned a bad reputation in recent times. Private debt spiralled out of control in the 2000s and fuelled the 2008 financial
Nigeria’s debt rose steeply by 48% in 15 months on expansionary budget, deficit
Figures released by Nigeria’s Debt Management Office (DMO) show that the country’s total national debt has risen steeply by as
Malawi’s hopes aid embargo to be lifted after World Bank support resumed
Malawi hopes global lenders will release funds frozen over a government graft scandal three years ago now that the World Bank has