The Moral Bankruptcy in Ethiopia, by Zayd Ibn Isah Something quite unusual happened in Ethiopia recently that prompted many Nigerians on social media to start asking, “God, when?” This is because the Commercial Bank of Ethiopia, which is the largest in the country, experienced a...

The Moral Bankruptcy in Ethiopia, by Zayd Ibn Isah Something quite unusual happened in Ethiopia recently that prompted many Nigerians on social media to start asking, “God, when?” This is because the Commercial Bank of Ethiopia, which is the largest in the country, experienced a...

2019 Financials: NNPC At Risk Of Bankruptcy — Auditors, Management Warn       Independent auditors and management of the Nigerian National Petroleum Corporation, NNPC, have raised doubts over the ability of the corporation to continue as a going concern, following rising losses and negative capital as a...

IATA Warns Against Looming Bankruptcy For Airlines       The world’s airlines are haemorrhaging at the rate of about $300,000 per minute or $13 billion monthly, which could force large swathes of the industry into bankruptcy within months, the International Air Transport Association (IATA) has warned. Its Director-General...

YEDC At Risk Of Bankruptcy Over Insurgency   One of the nation’s power distribution companies, Yola Electricity Distribution Company (YEDC), has said a significant change to the commercial environment will be required to avoid bankruptcy. The Disco stated this in its performance improvement plans and applications for...

Sanusi: Nigeria On Verge Of Bankruptcy Due To Fuel Subsidy, Debt Servicing   The Emir of Kano, Mallam Muhammad Sanusi II, has warned that Nigeria is on the verge of bankruptcy as fuel and electricity subsidies, as well as debt servicing, continue to eat into government...