Tag:Debt crisis

Power sector debt crisis: Minister lauds Tinubu’s intervention

Minister of Power, Chief Adebayo Adelabu, has commended President Bola Ahmed Tinubu for his decisive intervention in addressing the longstanding debt crisis affecting Nigeria's...

Over N4trn debt: AMCON, AMPS strategise to tighten noose on obligors

As part of the renewed strategy of the executive management of the Asset Management Corporation of Nigeria (AMCON) currently led by Mr. Gbenga Alade...

Developing countries face ‘vicious circle’ of climate change, debt – Report

A new report commissioned by the governments of Colombia, Kenya, France and Germany lays bare the devastating effect of debt burdens for many vulnerable...

Africa’s mounting debt crisis and need for reform in global financial architecture

Africa’s debt stocks have grown significantly in the past decade. Understandably, African governments took advantage of historically low interest rates in the 2010s and borrowed...

UN SIDS4 delivers new era of resilience amidst small islands’ crippling debt crisis

The Fourth United Nations Conference on Small Island Developing States (SIDS4) wrapped up on Thursday, May 30, 2024, in Antigua and Barbuda with unanimous...

Nigeria’s looming debt crises and climate change: Painful inheritance for future generations

As nations in the global south grapple with the mounting challenges of climate change and economic repression, it becomes imperative to examine the role...

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NNPC moves to restart Warri, PH refineries, seals deal with Chinese firms

The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and...
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ECOWAS and West African Health Organisation: Synergising on malaria elimination

Recently, Sierra Leone became the frontline of West Africa’s war on malaria as health ministers, experts, and partners converged...

LDC Group calls for action to close climate action, support gap

The Least Developed Countries Group on Climate Change (LDC Group), hosted by the Government of Timor-Leste and chaired by...

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NNPC moves to restart Warri, PH refineries, seals deal with Chinese firms

The NNPC Ltd has signed a Memorandum of Understanding...

ECOWAS and West African Health Organisation: Synergising on malaria elimination

Recently, Sierra Leone became the frontline of West Africa’s...