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Nigeria's worsening debt crisis – The Sun Nigeria

Nigeria's worsening debt crisis – The Sun Nigeria
sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.

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Solving Nigeria's lingering debt burden – The Sun Nigeria

Solving Nigeria's lingering debt burden – The Sun Nigeria
sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.

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Court clears way for Ganduje to borrow N10bn

A Federal High Court in Kano, on Tuesday, vacated an interim injunction restraining the Kano State Government from borrowing N10 billion. ....

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Court restrains Kano govt from borrowing N10bn to install CCTV cameras

A Federal High Court in Kano, presided over by Justice Abdullahi Liman, on Friday, restrained the Kano State government from borrowing ....

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Fresh concerns over loans burden from China

• China’s secrecy clause to loans poses problems, says study
• Exposure to EXIM Bank increased by over 2000% in eight years
• Lawyers defend legislative scrutiny, sovereign immunity clause
As Nigeria and China this year mark their golden jubilee of official relations, there are growing fears over the imbalanced relationship, especially with China’s predatory lending bond with Nigeria and the country’s debt exposure to the Asian powerhouse, which has risen geometrically in recent years.
Official relations date back to February 1971 when Nigeria established diplomatic relations with China, and today Nigeria remains China’s major investment destination in Africa. At an event in Abuja to mark 50 years of Nigeria-China relations, the Chinese Charge de Affaires in Nigeria, Mr. Zhao Yong, disclosed that China’s trade with Africa has hit $208.7 billion with foreign direct investment totaling $49.1 billion. ....

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