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Aggregated news from around the world

 
Credit and Loans: Financial business news headlines around the clock. View category archive -->
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AllAfrica: Nigeria: Mdas' Unremitted Taxes Hit N212 Billion - FIRS
The Federal Inland Revenue Service (FIRS) has said that the debt owed federal government as taxes by Ministries, Departments and Agencies (MDAs) has increased to N212 billion.
AllAfrica: Nigeria: Foreign Loans - Lessons From the 80s
Thompson Ayodele And Olusegun Sotola Caution Against Any Relapse By the Government to the Past Abuse of Foreign Loans As a Source of Corrupt Enrichment By the Ruling Elite...
AllAfrica: Nigeria: Court Resumes Hearing in Afribank Suit Against Oil Firm
A Federal High Court sitting in Lagos, has resumed hearing in the suit by Afribank Nigeria Plc, against Imade Oil and Gas Limited, over an alleged N661.1million debt.
AllAfrica: Zimbabwe: A Matter of Life And Debt
LIFE has never been so easy. Buying a car, a bedroom suite, a freezer, a stove for the madam, a giant plasma television, the latest fashion and groceries all in one day is now just a part of Joe and Jane Moyo's ordinary life.
AllAfrica: Liberia: Nation Becomes 60th Country to Use Commonwealth's Debt Management Software
The Secretariat's pioneering system is part of drive to help the West African state recover from economic devastation caused by the civil war
AllAfrica: Angola: Government to Pay Off Debt to Firms, Impose Rigour in Budget
The Angolan government processed in June this year the payment of 1.0 billion US dollars related to the debt of firms operating in the national market in 2008/2009 period, following the world economic and financial crisis, ANGOP has learnt.
AllAfrica: Zimbabwe: World Bank Hope for the Country
Zimbabwe has the potential for an expanded World Bank role that can be attained subsequent to improvements in the country's economic and social conditions, a World Bank representative in Zimbabwe has said.
AllAfrica: Nigeria: N33 Billion Debt - Aero, Oceanic Bank Reach Agreement
Nigeria's major airline, Aero Contractors announced yesterday that it has reached agreement to restructure its loans of about N33 billion ($220 million) with Oceanic Bank on "more viable terms" for the benefit of the two organisations and has also ceded its ownership to be wholly owned by the Ibru Group.
AllAfrica: Kenya: Planters Union's Property Goes Under the Hammer Over Sh644 Million Debt
Troubled Kenya Planters' Co-operative Union is about to be stripped of its flagship building, which serves as its headquarters in Nairobi, at the fall of the auctioneer's hammer in two weeks.
AllAfrica: Nigeria: N450 Billion Debt - NNPC Says It's Insolvent, Says Babalola
THE Nigeria National Petroleum Corporation, NNPC, said, yesterday, it was unable to pay the N450 billion it owed the Federation Account, stating insolvency as reason.
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AllAfrica News: Debt

All Africa, All the Time.
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·Nigeria: Mdas' Unremitted Taxes Hit N212 Billion - FIRS
The Federal Inland Revenue Service (FIRS) has said that the debt owed federal government as taxes by Ministries, Departments and Agencies (MDAs) has increased to N212 billion.
·Zimbabwe: Property Auction Postponed After Government Intervenes
The auction of several Zimbabwe government owned properties in South Africa, seized to pay back South African farmers and a German bank, has been postponed, after the government challenged the legality of the sale.
·Zimbabwe: Budget Deficit Sharply Increases - Finance Minister
Figures released by the Minister of Finance, Mr. Tendai Biti, when he presented the Mid-Term Fiscal Policy Review to Parliament on 14 July 2010 show that Government will incur a budget deficit of US$500 million up from only US$93 million recorded last year.
·Nigeria: Foreign Loans - Lessons From the 80s
Thompson Ayodele And Olusegun Sotola Caution Against Any Relapse By the Government to the Past Abuse of Foreign Loans As a Source of Corrupt Enrichment By the Ruling Elite...
·Nigeria: Court Resumes Hearing in Afribank Suit Against Oil Firm
A Federal High Court sitting in Lagos, has resumed hearing in the suit by Afribank Nigeria Plc, against Imade Oil and Gas Limited, over an alleged N661.1million debt.
·Zimbabwe: Till Debt Do Us Part
Some few weeks ago, The Financial Gazette reported that the country's external debt is projected to rise to US$7,6 billion by the end of the year based on the statistics released by the IMF.
·Zimbabwe: A Matter of Life And Debt
LIFE has never been so easy. Buying a car, a bedroom suite, a freezer, a stove for the madam, a giant plasma television, the latest fashion and groceries all in one day is now just a part of Joe and Jane Moyo's ordinary life.
·South Africa: Civil Summonses for Debt Up 15,2 Percent Year on Year
The number of civil summonses issued for debt increased by 15,2% in May 2010 year-on-year, Statistics South Africa (StatsSA) announced today.
·Liberia: Nation Becomes 60th Country to Use Commonwealth's Debt Management Software
The Secretariat's pioneering system is part of drive to help the West African state recover from economic devastation caused by the civil war
·Nigeria: Banks, CBN Plan N1.5 Trillion Fund to Acquire Bad Debts
Banks and the Central Bank of Nigeria (CBN) yesterday, in Abuja, unanimously agreed to contribute N1.5 trillion (about $10 billion) over the next 10 years to fund the newly established Asset Management Corporation of Nigeria (AMCON) set up to buy bad debts in the banking industry.

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