World News

Cameroon’s Ulrich Chomche Becomes First NBA Academy Africa Prospect Drafted to the NBA

Chomche is the seventh player from Cameroon to be drafted, following former NBA player and BAL Head of League Operations June 28, 2024/Basketball Africa League Cameroon’s Ulrich Chomche from NBA Academy Africa, an elite basketball training center in Saly, Senegal for top prospects from across the continent, was selected 57th […]

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 […]