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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

    Botswana athletes to train in USA

    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    April will see 2nd Instalment of Summer Kids Marathon

    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Nigeria converts loans taken from the Central Bank to bonds

      mm by RMB Africa Research
      October 20, 2022
      in News
      Reading Time: 1 min read
      0
      Nigeria scraps fuel subsidy as policy shows it “is unsustainable”

      President Muhammadu Buhari

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      Finance Minister Zainab Ahmed has said that loans taken from the Central Bank of Nigeria to fund budget deficits amounting to NGN20trn (US$45.4bn) will be converted to bonds over a 40-year period at an interest rate of 9 percent.

      President Muhammadu Buhari has approved the plan to convert the loans. According to the head of the country’s Debt Management Office, “it is a one-time restructuring payable over 40 years with a moratorium”. The timing of the conversion will be disclosed after the government seeks approval from the cabinet and lawmakers this year. This is the first time Nigeria has resorted to such a move, and it comes as pressure mounts on Nigeria’s public finances.

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