by Azeez Adeniyi The Nigeria Communication Commission on Thursday said the Commission and Central Bank of Nigeria (CBN) will intervene in the Etisalat loan issue. Director of Public Affairs of NCC, Mr Tony Ojobo said this in a statement issued in Abuja. “After a meeting on Thursday afternoon in Abuja between the Executive Vice Chairman... Read More

CBN, central bank of Nigeria, Debt crisis, etisalat, NCV

November 24, 2016

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Opinion: Till debt do us apart

by Jideofor Adibe The recent request from President Buhari for legislative authorization for an external borrowing of almost $30bn is a sharp reminder that history truly moves in circles and that human memories are short. It should be recalled that Africa’s debt overhang was partly blamed for why the 1980s and 1990s were regarded as... Read More

africa, Debt crisis, economy, Government borrowing, national assembly, nigeria, president buhari, recession, World Bank International Monetary Fund (IMF)

July 22, 2014

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State Government Debts: Is there an end to this dilemma?

A coalition of non-governmental organisations in Rivers state styling itself as the Niger Delta Citizens and Budget Platform (NDCBP), has expressed concern over a recent approval by the state House of Assembly for a $280 million concessionary loan to be taken from the World Bank and the Africa Development Bank (AFDB). According to the group,... Read More

Africa Development Bank, Debt crisis, Niger Delta, Rivers State, World Bank