In spite of the warning by the International Monetary Fund, IMF, that debt levels in African economies were rising, Minister of Finance, Mrs Kemi Adeosun on Friday said Nigeria’s debt level was still sustainable and under control. Speaking to newsmen on the sideline of the G20 Finance Ministers and Central Bank Governors meetings at the […]
Read More
Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, yesterday disclosed that about $3 billion out of the $5.5 billion offshore loan the Federal Government currently seeks would go into refinancing the legacy debts of the Goodluck Jonathan administration. The Minister, who spoke in a television programme also clarified that the proposed $5.5 billion loan was made […]
Read More
NIGERIA is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4bn in debt that the Nigerian National Petroleum Corporation has accumulated over years of mismanagement. The Minister of State for Petroleum, Dr. Ibe Kachikwu, told Reuters that he wanted to increase crude oil output to […]
Read More
