Stanbic IBTC Reaffirms Commitment To Debt Capital Markets' Growth   Stanbic IBTC Holdings PLC has reaffirmed its commitment to the growth of the Nigerian debt capital markets. The Chief Executive, Stanbic IBTC Bank PLC, Dr. Demola Sogunle, disclosed this at the Bonds, Loans and Sukuk Nigeria Conference,...

$250trn Debt Burden To Weigh On Global Economy In 2020 - W/Bank President   Concerns about global debt are heightening from the office of World Bank President, David Malpass, as the obligations exceeded a $250 trillion mark in 2019. But critics said it’s an irony, especially...

Nigeria, Others Pushed Global Debt To $188trn, IMF Says   Total global debt rose by $3tn to $188tn at the end of 2018 as Nigeria, China and other countries increased their borrowings, the International Monetary Fund said on Tuesday. Nigeria’s total public debt, which stood at N21.73tn...

AMCON Takes Over Cedar Oil & Gas Over N24bn Debt   Asset Management Corporation of Nigeria has taken over the operations of Cedar Oil & Gas Exploration and Production Limited on the orders of a Federal High Court sitting in Lagos. The application for the takeover came...

Buhari Administration Met $63.81bn Debt - DMO   The Debt Management Office on Monday said the President Muhammadu Buhari administration met a debt stock of $63.81bn when it came into office in 2015. The DMO was responding to a claim that Buhari inherited a debt stock of...

In 8 Months, Gencos Incur N362bn Debt   Power generation companies are owed a total of N361.67bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to August this year. The government-owned NBET buys electricity in bulk...