Friday , February 3 2023

Tag Archives: Debt

How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster

How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster

“Debt limit impasses have also repeatedly disrupted implementation of Treasury’s cash management policy — with knock-on effects for money markets,” Joshua Frost, assistant Treasury secretary for financial markets, explained in a speech in December. Mr. Frost added that the Treasury Department usually has a daily cash balance of $600 billion …

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Telecom operators threaten to shutdown banks? USSD services over N80bn debt

Telecom operators threaten to shutdown banks? USSD services over N80bn debt

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has threatened to disconnect banks in the country from the Unstructured Supplementary Service Data (USSD) over rising debt.   Members of ALTON include MTN Nigeria, Airtel, Glo and 9Mobile, and other telecoms operators. Some banks and the Telecom operators disagreed last …

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