'Nigeria Could Reject World Bank Loans Due to Delays'
The Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, has warned that Nigeria may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to...
FG Begins Power Debt Repayment - Transcorp CEO
The President/Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, has said the Federal Government has commenced repayment of longstanding debts owed to power generation companies, describing the move as the most significant progress yet in...
Tinubu Slashes Domestic Airlines' Debts by 30%
Festus Keyamo, minister of aviation and aerospace development, says President Bola Tinubu has approved a 30 percent discount on debts owed by domestic airlines to aviation agencies.
This means domestic airlines will pay 30 percent less of the amount...
We Have No Intention to Borrow From IMF's $50bn Fund - FG
The Federal Government on Thursday declared that it has no plan to approach the International Monetary Fund (IMF) to borrow from the estimated $50bn, which the IMF had earlier announced on Wednesday that...
IMF Warns Nigeria Over Rising Debt Burden
The International Monetary Fund (IMF) has declined to endorse a preference for either external or domestic borrowing for Nigeria, stressing that the country’s rising debt profile requires a stronger focus on sustainability and repayment capacity.
Speaking at a media...
FG, Gencos Bicker Over Electricity Debt Reconciliation
The Federal Government and power generation companies have disagreed over the reconciliation of debts in Nigeria’s electricity market, with both sides offering differing accounts of the actual liabilities owed to the GenCos.
The Minister of Power, Adebayo Adelabu, said...
