June 24, 2019

Do not expect debt relief, U.S. warns Africa

June 24, 2019 9:12 am

The U.S. top Africa diplomat, Tibor Nagy, warned in Pretoria, South Africa on Monday that African countries running up debt they cannot pay back, including China, should not expect to be bailed out by western-sponsored debt relief.

The International Monetary Fund and World Bank began the Heavily Indebted Poor Countries (HIPC) Initiative in 1996 to help the world’s poorest countries clear billions of dollars’ worth of unsustainable debt.

But Africa is facing another potential debt crisis today, with around 40 per cent of low-income countries in the region now in debt distress or at high risk of it, according to …

Airtel Africa receives pre-IPO interest worth $200m

June 24, 2019 9:02 am

One of the bookrunners handling Airtel Africa Ltd.’s planned initial public offering on the London Stock Exchange said on Monday it had received indications of interest worth about $200 million from pre-IPO investors.

Airtel Africa, a unit of India’s Bharti Airtel Ltd., last week set a price range of 80 to 100 pence per share for its IPO.

The firm is expected to raise 595 million pounds from the issuance of 595.2 million to 744 million new shares. (Reuters/NAN)…

Emefiele reveals five years plan for CBN

June 24, 2019 8:52 am

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next five years.

Emefiele made the promise in Abuja on Monday during a press briefing on his policy road map in his second term.

The News Agency of Nigeria (NAN) reports that the inflation rate dropped to 11.4 per cent as at May.

He said that CBN, under his leadership, would ensure that monetary policy measures would be geared towards containing inflationary pressures.

Emefiele said that he would also support improved productivity in the agricultural and manufacturing sectors.

He …

U.S. ready to lift Iran sanctions – Envoy

June 24, 2019 8:43 am

The U.S. is ready to lift all the sanctions against Iran and restore diplomatic ties with Tehran, but on condition of a comprehensive deal first.

U.S. Special Representative for Iran Brian Hook made this known on Monday.

He said “If we can reach a comprehensive agreement, the U.S. is prepared to lift all of our sanctions, restore diplomatic ties that were broken 40 years ago, and to welcome the Iranian people into the international community.

“But we need to get to the deal first,” Hook told reporters.

He added that …

Issues formulated for Governor Obiano and his aides 4

June 24, 2019 5:22 am

By Odumodu Gbulagu

.. and Obiano is doing well according to his aides

31: Where is Anambra airport? The only thing standing there is the sign post. This scam from Obiano is enough to know the wiring of his mind/conscience.

32: James, ask your Oga about Ugu export and come back to us with the feedback. Can anything good come out of Nazareth? Is it not the same James that took picture in s boat and said he was on his way to Onono where the ugu farm was located? Scam leader and scam aides!

33: Check Obiano’s …