Further Devaluation Of Naira Will worsen Debt Position - FSDH   Analysts at FSDH Merchant Bank Limited have said that Nigeria cannot afford another level of devaluation of the currency, saying this will worsen the nation’s debt position. The total public debt increased to N22.71tn in the...

$5bn JV Debt Repayment Restoring Investors’ Confidence - NNPC The Nigerian National Petroleum Corporation (NNPC) has said its repayment of the about $5 billion negotiated joint venture cash call debts owed to International Oil Companies (IOCs) over the years was now stirring the confidence of...

Nigeria Spends N643.6bn On Domestic Debt Servicing The Federal Government spent N643.6 billion on servicing the nation’s domestic debt for January to March, the Debt Management Office (DMO) said. In its Quarterly Debt Data for Quarter one (Q1), obtained from its website on Wednesday in Abuja,...

NCC Sets To Settle N165bn Interconnect Debt In July The Executive Vice Chairman, Nigerian Communications Commission, Umar Danbatta, has said telecommunications companies in the country have agreed to settle the N165bn interconnect debt owed each other. Danbatta made this known when the President, Association of Telecommunications...

IMF Not Troubled About Nigeria’s Debt - Adeosun   The Minister of Finance, Mrs. Kemi Adeosun, has said that the International Monetary Fund is not troubled about Nigeria’s debt profile. Adeosun said that the country had enough capacity to repay its debt obligations estimated at N21.7tn. She explained...

Lafarge Africa Seeks To Boost Profit, Cut Debt By 2020   Lafarge Africa Plc, the continent’s second-biggest producer of cement, plans to cut debt in the next two years as it seeks to boost profit before resuming expansion, the company’s Chairman, Mr. Mobolaji Balogun, said. The cement...