Category : Search result: corporate debt


National Debt Rises to N152.4 Trillion

Nigeria's public debt surges to N152.39 trillion as experts warn short-term investments threaten fiscal stability. State debts see historic decline. Read the full analysis.

Africa's $90B Debt Crisis Blocks Climate Action

African countries spent $90B on debt servicing in 2024 while climate finance falls short. G20 summit must deliver debt relief to unlock Africa's green transition and global climate security.

Kenya: Economic Crisis & Political Unrest Deepen

Kenya faces multiple crises: public debt hits 68% of GDP, 41 protest deaths, rising femicide cases, and environmental breakdown. Can President Ruto's priorities save East Africa's powerhouse?

Zamfara Settles N67m Debt for 436 Freed Inmates

Zamfara First Lady Hajiya Huriyya Lawal has secured the freedom of 436 inmates by settling their N67.2m debt. The intervention occurred during a mass wedding ceremony for 200 orphans in Gusau.

Africa's $163bn Debt Crisis Needs EU Action

African leaders warn Europe must help break debt cycle as countries pay $163bn annually. Unsustainable debt hampers climate resilience and development across the continent.

Court Orders Police Out of Nestoil Premises

Federal High Court directs Lagos Police to withdraw officers from Nestoil facilities in ongoing debt dispute with FBNQuest Merchant Bank. Latest ruling shifts case dynamics.

Japan PM Takaichi defends $135bn stimulus package

Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.

Nigeria at Risk of Debt Crisis, Experts Warn

Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.

Court awards N20.7bn against petroleum marketer

A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.

Lagos Country Club Partners With The Guardian

Lagos Country Club, a 76-year-old family institution, seeks strategic partnership with The Guardian newspaper to expand its recreational footprint and community initiatives.

Golfers Donate N6m to Charity Homes in Lagos

Golfers and TotalEnergies raised N8m for Child Lifeline and Nigerwives Braille Centre at the 29th charity tournament. The event highlights sports' power to drive social change in Nigeria.

Julius Berger Renews CSR Commitment on Charity Day

Julius Berger Nigeria Plc reinforced its Corporate Social Responsibility initiatives across Nigeria, supporting orphanages and special needs institutions with essential donations on International Day of Charity.

Academy Press Endorses 15k Dividend, Bonus Shares

Academy Press Plc shareholders approved 15 kobo dividend per share and 1-for-5 bonus issue at 61st AGM. Company expands capital base amid strong financial performance. Read full details.

NIVEA's ₦96.7M Mental Health Boost for Nigeria

NIVEA Nigeria partners with SOS Children's Villages, donating ₦96.686 million to combat social isolation and provide psychosocial support for over 33,000 vulnerable Nigerians.

NBL hands over cassava plant to Imo community

Nigerian Breweries commissions 2-ton/day cassava processing facility in Awa Omamma, projected to generate N500 million annual revenue for the community while reaffirming CSR commitment.

Page 2 of 4