Tag: Loans

Nigerian firm seals $750k solar deal
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Nigerian firm seals $750k solar deal

A Nigerian mini-grid participant named Husk Power Systems has secured finance for solar mini-grid projects in Nasarawa State totaling $750.000. According to Nairametrics, the loan was made accessible by a German development finance organization. Husk intends to build eight new community solar microgrids in the state of Nasarawa. Funds from DEG’s Up-Scaling Program, which is […]

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Ghana halts payment on Eurobond, others

Ghana has declared a halt to debt service payments on its commercial loans, Eurobond loans, and bilateral debts. This was confirmed by the Ghanaian ministry of finance in a press release posted on its website. In order to allow for an orderly restructuring of the impacted liabilities, the government declared that it will stop making […]

100% cashless economy possible in Nigeria - Emefiele
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Analysts kick as CBN loans to FG hit N22tn

A recent report has revealed that the Federal Government is owing the Central Bank of Nigeria the sum of twenty-two trillion naira, leaving analysts fuming. According to The PUNCH, FG, in August 2022, borrowed N1.46tn from the Central Bank of Nigeria through Ways and Means Advances, raising its debt to the Apex bank from N20.61tn […]