Geregu Power PLC posted revenue growth in the 2025 financial year, amid rising debt obligations, amounting to over ₦204 billion, which placed a strain on its balance sheet. This is revealed in the company’s audited financial statement for the year ending December 31, 2025, released on Monday. Pinnacle Daily analysis of the result showed that …
Borrowings by states and local governments from commercial banks fell to ₦2.13 trillion in June 2025, down from ₦2.68 trillion a year earlier. This represents a reduction of about ₦547.5 billion, or 20.4 per cent, in the review period. In a report on Monday, the CSL research firm said the trend reflects a deliberate effort …
The International Monetary Fund (IMF) has urged countries to prioritise reducing their debt levels, warning that excessive debt suffocates economies. The Managing Director, Kristalina Georgieva, gave the advice on Monday, October 13 during the civil society organisation (CSO) town hall at the ongoing annual meetings of the World Bank and IMF. She said countries can …
