Future generations will have to bear the burden of current debts – Obasanjo

Former President Olusegun Obasanjo has once again voiced his concerns regarding the escalating debt levels in Nigeria and other African countries. During an interaction with the 2023 awardees of the Future Africa Leaders Foundation, an initiative by Pastor Chris Oyakhilome, … Continue reading Future generations will have to bear the burden of current debts – Obasanjo

Naira’s depreciation increases strain on CBN’s $15 billion debt burden

The consistent downward spiral of the Nigerian currency, the naira, is posing a dire situation for the Central Bank of Nigeria (CBN), which is burdened with a substantial $15 billion loan obligation to prominent American investment banks, including JP Morgan … Continue reading Naira’s depreciation increases strain on CBN’s $15 billion debt burden