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Nigeria raises $2.86 billion Eurobonds to fund 2018 budget

The Federal Government on Wednesday said it has raised 2.86 billion dollars three-series international bond under its Global Medium Term Note Programme.

Nigeria to raise $3.5 billion in foreign loans, Eurobonds in 2017

By Chijioke Ohuocha ABUJA (Reuters) - Nigeria plans to raise $3.5 billion in foreign loans including from the World Bank and from international debt markets...

Modern day slavery: How Mozambique was sold to European corporations by...

By Mary Serumaga It has finally come to pass. An African country has been sold, lock stock and barrel by its leaders to European corporations....

Nigeria to raise $4 billion in treasury bills within 3 months

nairaLagos (Reuters) - Nigeria plans to borrow 814.78 billion naira ($4 billion) in Treasury bills between Sept. 17 to Dec. 3, the central bank...

Some state govts lost bailout money to bank loans – Zamfara...

``What I’m saying is that no money is released yet apart from the NLNG money. But I think the NLNG money that was given, some states, their own was taken by the banks because it is due for them to repay some certain loans. So, therefore, automatically, that has to go there.’’

Nigeria’s 36 states owe N658 billion – Zamfara Governor

By Felix Onuah ABUJA (Reuters) - Zamfara State Governor, Abdulaziz Yari Abubakar, on Tuesday disclosed that Nigeria's 36 states owe N658 billion and one way...

Nigeria’s 36 states owe N658 billion – Zamfara Governor

By Felix Onuah ABUJA (Reuters) - Zamfara State Governor, Abdulaziz Yari Abubakar, on Tuesday disclosed that Nigeria's 36 states owe N658 billion and one way...

Unpaid salaries: The States of Emergency

By Olusegun Adeniyi (olusegun.adeniyi@thisdaylive.com) Ever since I can remember, one common phrase that I have heard so frequently in our country is that “Nigeria is...

Why the States are broke, cannot pay salaries

Osun State is in big trouble. If you’ve been paying attention to the news, you would have seen stories of how the state is...

Decade after debt relief, Africa’s rush to borrow stirs concern

BY TOSIN SULAIMAN (Reuters) - Nearly a decade after Nelson Mandela and anti-poverty activists Bono and Bob Geldof persuaded the rich world to forgive Africa's...

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