FG Mulls Debt Relief for Airlines as Fuel Crisis Bites
The Federal Government has announced plans to waive debts owed by domestic airlines to aviation agencies as part of measures to cushion the impact of the ongoing Jet A1 fuel crisis.
Minister of Aviation and Aerospace...
IMF Excludes Nigeria From Debt Relief
Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF).
The Board has approved a third tranche of grants for debt service relief for 28 member countries...
We’re Not Seeking Debt Relief From Creditors – Fed Govt
The federal government has said it is not seeking any debt relief from its creditors despite the widely reported calls for debt relief for middle and low-income countries that are currently experiencing capital flight and...
COVID-19: China Will Give Debt Relief To African Countries
By Chu Maoming
Within the FOCAC framework, China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020. This was announced by...
W/Bank: Poorest Countries To Save $12bn In 2020 Debt Relief
The world’s poorest countries could save over $12 billion owed to sovereign and other creditors this year through their participation in a debt-relief program, with Angola alone saving some $3.4 billion, according to estimates published...
Germany Grants Nigeria N8.9bn Debt Relief
The Republic of Germany said it had granted Nigeria debt relief amounting to N8.9bn (€22.4m) on account of the coronavirus pandemic.
Also, the German government said it had successfully campaigned for the G20, the Paris Club and creditor countries in...
