Debt

China’s biggest banks launch first sales of special loss-absorbing debt

China’s biggest banks have launched their first-ever sales of a special kind of loss-absorbing debt, moving closer to meeting international…

12 months ago

Victimless crime and power theft laws: How energy theft continues to drive up debt profile in NESI

As part of efforts to curb energy theft, many laws; Electricity Theft and Other Related Offences Regulations, the Electric Power…

1 year ago

PENGASSAN knocks FG over Nigeria’s debt spike

THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria’s rising debt will further worsen…

1 year ago

Kaduna’s debt and unEl-Rufaic silence

BENJAMIN Franklin alias Mrs. Silence Dogwood (January 17, 1706-April 17, 1790), was one of the greatest statesmen of the United…

1 year ago

International Breweries seeks approval for $379.9m shareholder loan and debt conversion

THE Board of International Breweries Plc as part of a special resolution at the company’s Extra-ordinary General Meeting (EGM) seeks…

1 year ago

Debt crisis: Trade unions set to checkmate African govts’ borrowings

African trade unions, convening in Lusaka, Zambia for the ongoing ITUC-Africa New Year School, have resolved to implement checks and…

1 year ago

Man kills self in Ogun over debt

Tragedy struck in the Idi Orogbo area of Araromi in Sango Ota,Ogun State on Tuesday as a businessman ,simply identified…

1 year ago

Debt burden: OBJ’s lamentation on successors

FORMER President Olusegun Obasanjo recently warned that coming generations of Nigerians would bear the brunt of the debt burden that…

1 year ago

Cadbury Nigeria seeks shareholders’ approval to swap $7.7m debt to equity

THE board of Cadbury Nigeria Plc has sought shareholders approval to convert its $7.7 million (N7.03 billion) debt owed to…

1 year ago

World Bank warns of looming debt crises for developing countries

The World Bank’s latest International Debt Report shows that amid the biggest surge in global interest rates in four decades,…

1 year ago

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