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The statement stated that after Nigeria exited from recession in 2017, the level of new borrowings at the federal level in the Annual Appropriation Acts, has been reducing due to measures to ensure moderate rate of growth in the Public Debt Stock for debt sustainability. “New borrowing to part finance Budget Deficits had declined steadily from N2.36tr in 2017 to N2.01tr in 2018, N1.61tr in 2019 and N1.59tr in the first 2020 Appropriation Act.” “This trend was reversed in 2020 due to the economic and social impact of the COVID-19 Pandemic as new borrowing in the revised 2020 Appropriatio...

Share this article Share this article NEW YORK, Feb. 17, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced that it has eliminated all remaining debt from its balance sheet associated with any Promissory Note.  With the exception of routine operational payables, the Company is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements. "Since the fourth quarter of 2020, we have eliminated over $3.3 million of debt from our balance sheet, which not on...

/PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq:GP) (TSXV:GPV) ("GreenPower"), a leading manufacturer and distributor of zero emission electric powered...

EQ Inc. Announces Repayment of Non-Convertible Secured Promissory Notes and Exercise of Bonus Warrants (TSX-V:EQ) (the " Corporation") a leader in geospatial data and artificial intelligence driven software, is pleased to announce that it has repaid in full the original principal amount of $1,716,654, and any accrued and unpaid interest on this amount, of non-convertible secured promissory notes issued on August 19, 2019 (the "Promissory Notes") to certain arm's length and non-arm's length lenders. The Promissory Notes accrued interest at 12% per annum and matured 17 months from the date of ...

Vanguard News Nigeria’s debt stock rises to N32.22trn ― NBS On By Emmanuel Elebeke The National Bureau of Statistics, NBS, says Nigeria’s total foreign and domestic debt stood at N32.22trn in the Q3 of 2020. The bureau in its Nigerian Domestic and Foreign Debt for Q3 2020 published on its website said Nigerian States and Federal Debt Stock data as of 30th September 2020 reflected that the country’s total public debt portfolio stood at N32.22trn in the Q3 of 2020. The survey indicates that Nigeria’s total public debt showed that N12.19trn or 37.82% of the debt was external, while N2...