Zainab Ahmed, the minister of finance, budget and national planning,has said Nigeria did not benefit from the recent debt relief by the International Monetary Fund because the country is not indebted to the IMF.

Ahmed, in a tweet on Thursday, said, “It is true Nigeria is not a beneficiary of recent IMF debt relief for 25 countries. As stated in IMF Executive Board statement, the relief ‘provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months’.

“Since Nigeria is not indebted to the IMF, there is no outstanding debt obligation to be forgiven. Nigeria’s application for new IMF financing is under consideration and receiving…

Restructuring practice FTS Recovery has announced that it has appointed Rachel Ennis as its new Associate Director. Her role will see her heading up a new centralised team of insolvency and recovery advisers across the Midlands region of the UK.

Ennis has previously worked for FTS Recovery and their affiliated company FA Simms & Partners, for five years, most recently as a Recovery Manager specialising in overseeing corporate insolvency cases, including liquidations, CVAs, and company administrations.

Her latest promotion is the latest in a series of impressive career progressions which have seen her rise from an Insolvency Case Manager in 2020 to her latest position. A JIEB licensed insolvency practitioner, Ennis…

By GP Madaan

India is the world’s fourth-largest economy as of 2025, and it is well on course to become the third-largest, with its GDP projected to reach $7.3 trillion by 2030 from the current $4.2 trillion—a long stride towards milestone of the nation’s aspiration of becoming a Viksit Bharat by 2047. Positioned at a critical juncture in its economic journey, the nation needs a powerful mix of consistent policymaking and far-reaching economic reforms. In his latest book, Corporate Insolvency—The Road to Viksit Bharat: Law, Policy and Practice, veteran insolvency expert and lawyer Sumant Batra advocates that a robust insolvency regime is intrinsically connected to a nation’s economic growth and aligns the insolvency…

Consumer debt is on the rise, with mortgage balances, student loans, auto loans and credit card balances up across the board. 

But “Shark Tank” investor Kevin O’Leary is coming in hot with concrete advice to stifle debt growth, dishing out tips on how to pay down your loans efficiently and build a financial nest egg.

The Bad News

American debt is at an all-time high. The Federal Reserve Bank of New York released its Q2 2025 debt report, showing total household debt at a record $18.39 trillion, up from Q1’s previous high of $18.2 trillion. 

In all…

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