Tuesday, 19th March 2024
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debt

21 Feb
Nigerian online savings and investment platform, Piggyvest, has said that four in every 10 Nigerians are in debt, and that 26 per cent of the number owe loan apps.
15 Feb
Governor Dauda Lawal has successfully negotiated the release of their previously withheld WAEC results, paving the way for continued education and potential participation in the National Youth Service Corps (NYSC) programme. Previous administrations in Zamfara State had accumulated a debt of N1.4 billion owed to WAEC, leading to the withholding of examination results for affected…
12 Feb
International Monetary Fund (IMF) has said Nigeria can repay its $2.82 billion debt to the Washington-based institution following recent reforms.
20 Jan
While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis.
16 Aug 2023
Kenya's debt level has reached record highs despite President William Ruto's vow to tame the country's appetite for loans, treasury figures show.
25 Jun 2023
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars).
31 May 2023
African Development Bank (AfDB) President, Akinwumi Adesina, and the Deputy Executive Secretary and Chief Economist of the Economic Commission for Africa (ECA), Hanan Morsy, have lamented the high costs of debts incurred by African governments...
24 May 2023
President Joe Biden offered to freeze government spending at current levels during crunch debt talks with Republicans, which would reduce the deficit by $1 trillion, US Treasury Secretary Janet Yellen said Wednesday.

Latest

2 mins ago
Troops from the Nigerian Army have successfully averted a kidnap attempt by a violent extremist and insurgent group in Tantatu Community in the Kajuru Local Government Area (LGA) of Kaduna State. Spokesman of the Nigerian Army, Major General Onyema Nwachukwu, in a statement on Tuesday also confirmed that the troops deployed in 1 Division area…
3 mins ago
The leader of Singapore's opposition was charged Tuesday with two counts of giving false testimony before a parliamentary committee during a probe into one of his party members, police and prosecutors said. Pritam Singh, head of the Workers' Party, was charged at the State Courts for having twice "falsely testified" before the committee in December…
40 mins ago
Victor Osimhen will miss Nigeria's Super Eagles' two friendly games against Black Stars of Ghana and Eagles of Mali due to injury. Osimhen was an unused substitute for Sunday’s 1-1 draw with Inter Milan at San Siro and barely trained in the days before the match. According to Napoli coach, Francesco Calzona, Osimhen's absence was…
45 mins ago
Two children have been burned to death in Bauchi following a fire incident in their residence, the police said in a statement on Monday. The statement issued by the Spokesperson of Bauchi State Police Command, SP Ahmed Wakil, also said a suspected motorcycle thief was set ablaze by a mob at Magamar Gumau Market, Toro…
1 hour ago
Former K-pop star Jung Joon-young left prison Tuesday after completing a five-year term for gang rape and illicit filming, in one of South Korea's high-profile spycam scandals. Jung was found guilty of rape on two occasions in 2016 and of filming himself having intercourse with other women without their knowledge and sharing the footage without…
1 hour ago
A bus carrying students from a top Kenyan university collided with a truck on a busy highway after skidding in heavy rain, killing 11 of them and seriously injuring 42, police said. The accident occurred at 5:50 pm (2:50 GMT) Monday at Maungu, 360 kilometres (220 miles) from the capital Nairobi, when the students from…
2 hours ago
The Yoruba Obas Forum has described the death of Oba Lekan Balogun, the Olubadan of Ibadan, as a colossal loss to Yorubaland. According to the News Agency of Nigeria (NAN), National President of the forum and Molokun of Atijere, Oba Samuel Adeboye, stated this in a condolence message on behalf of other members, yesterday, in…
2 hours ago
Boxing icons, Tyson Fury and Anthony Joshua, are being lined up for a two-fight deal. The two British rivals have not yet met in the ring despite being two of the most dominant boxers in the heavyweight division over the past decade.
2 hours ago
Ghana’s new coach, Otto Addo, has said that he omitted Arsenal midfielder, Thomas Partey, from the Black Stars’ team that will meet the Super Eagles in a friendly match on March 24 because “he asked to be excused from the game to gain full fitness following recent injuries.”
3 hours ago
West Africa’s best golfers have been lined up to battle for the Custodian Classic’s N20 million purse on March 28 at Lakowe Lakes Golf Club, Lagos.