Fitch Ratings Projects Nigeria’s External Debt Service to Exceed $5 Billion by 2025
Fitch Ratings projects that Nigeria's external debt service will increase to $5.2 billion in 2025, significantly rising from $1.07 billion...
Business
Argentina’s Peso Decline Following Eased Currency Controls and IMF Bailout Pursuit
Argentina's peso fell over 11% against the US dollar after Javier Milei's government eased currency controls in pursuit of a...
Argentina Implements Floating Exchange Rate Amid Economic Uncertainty
Argentine President Javier Milei’s recent decision to lift the exchange rate cap aims to stabilize the economy and improve access...
Nigeria’s Dramatic Rise in Debt Servicing to World Bank and IMF in 2024
Nigeria's debt servicing to the World Bank and IMF reached $2.32 billion in 2024, up from $998.92 million in 2023....
Argentina’s Troubled Relationship with the IMF: A Historical Overview
Argentina's history with the IMF is marked by multiple loans totaling $177 billion, including a new $20 billion program aimed...
U.S. Tariff Reprieve Provides Nigeria Economic Breathing Room Amid Trade Tensions
Nigeria enjoys a temporary 10% tariff reprieve from the U.S., excluding oil exports. This decision comes amidst escalating U.S.-China trade...
Argentina Dismantles Currency Controls Ahead of IMF Agreement Finalization
Argentina is abolishing key currency controls and adjusting the peso's value as it finalizes a $20 billion IMF deal. The...
Nampak Zimbabwe Partners with TSL Amid Economic Challenges
Nampak is selling a 51.43% stake in Nampak Zimbabwe to TSL for $25 million amid difficult economic conditions. The sale...
Crypto Taxation in Nigeria: A Complete Guide
This article provides a comprehensive overview of cryptocurrency taxation in Nigeria, detailing the regulatory framework, types of taxes (including Capital...
Michael Jordan’s Race Team Pursues F1 Financial Data in NASCAR Lawsuit
23XI Racing, co-owned by Michael Jordan, seeks financial data from Formula One for its antitrust lawsuit against NASCAR. The team...
