World News

Nigeria’s Debt Repayment Burden Signals Default Dangers

….Exceeds Recurrent, Capital Expenditure June 27, 2024 By Kelechukwu Mgboji, Lagos (INVESTADVOCATE)-Nigeria’s debt repayment burden has taken a turn for the worst signalling default dangers in the nearest future. While the sum of N8.7 trillion was set aside for capital expenditure in the 2024 budget, meager sum N1.32 trillion is […]

Moody’s Ratings Affirms Nigeria’s Caa1 Ratings and Maintains its Positive Outlook

June 25, 2024/CSL Research Moody’s Investors Service has maintained Nigeria’s long-term foreign currency and local currency issuer ratings at Caa1, continuing the positive outlook from their December 2023 review. This decision reflects Moody’s assessment of Nigeria’s fiscal position and overall economic status. Additionally, the ratings for Nigeria’s foreign currency senior […]

Newly Launched Social Media App “Telefanz” Rivals TikTok, to Make Social Media a Better Place

The new social media platform “Telefanz” aims to compete with other social media platforms, particularly TikTok, offering an easy-to-use app in 17 languages, original content done by verified Creators and Streamers only, and a secure community June 24, 2024/Telefanz “Telefanz”, the new social media platform for exciting, spontaneous, genuine videos […]