Nigeria’s fiscal outlook remains under severe pressure despite what appears to be a gradual improvement in some key debt indicators, the Nigerian Economic Summit Group (NESG) has warned in its latest Debt Burden Monitor for 2025. The report revealed that although Nigeria’s Debt Burden Index (DBI) declined from a record 83.6 points in 2023 to …
The International Monetary Fund (IMF) has concluded its latest mission to Senegal without finalizing a new lending programme, though discussions are still ongoing. Mission Chief Edward Gemayel confirmed that negotiations would continue in the coming weeks, noting that Senegal’s government was committed to restoring fiscal discipline after uncovering billions of dollars in unreported debt left …
By Esthere Ososanya The Indigenous Contractors Association of Nigeria (AICAN) has accused the Federal Government of misrepresenting facts on outstanding liabilities and warned that prolonged payment delays are pushing its members into severe financial distress. The association said hundreds of contractors now risk losing properties and equipment to banks, microfinance institutions, and private lenders after …
