Category : Search result: Nigeria public debt


SEC: Over ₦753bn Raised via Commercial Paper Issuance

SEC DG Dr. Emomotimi Agama reveals Nigerian firms raised over ₦753bn in commercial papers from April to October 2025, signaling strong investor confidence and market resilience. Discover the key drivers and future outlook.

State Debt Rises by N94.79bn in Three Months

Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.

Countries Where Christmas Is Not a Public Holiday

While Nigeria marks Christmas with a public holiday, in 36 nations, including Israel, Saudi Arabia, and China, December 25 is a regular workday. Discover the reasons behind this global diversity.

LCCI: N15.52tr Debt Service a Huge Fiscal Burden

LCCI warns Nigeria's N15.52 trillion debt service allocation threatens economic stability. DG Chinyere Almona calls for stricter borrowing, revenue mobilisation. Read the full analysis.

Power Grid Crashes to 3,000MW, N5 Trillion Lost

Nigeria's power crisis deepens as grid output averages 3,000MW, far below 13,625MW capacity. Experts blame N4 trillion debt and poor remittance, leaving many in darkness this Christmas. Read the full analysis.

ADC: 2026 Budget Built on Quicksand, More Debt

The African Democratic Congress (ADC) criticizes Tinubu's 2026 budget proposal, calling it fiscally reckless and a debt trap that mortgages Nigeria's future. Read their full analysis.

Telefonica Cuts 5,500 Jobs in Spain

Telefonica announces a massive voluntary departure plan affecting 5,500 employees in Spain, costing €2.5 billion. The move is part of a new strategic focus. Read more.

Woman reunites with family after kidney transplant

Nigerian woman Tovia reunites with her children after a successful kidney transplant funded by public donations, following abandonment by her husband after kidney failure during childbirth.

BPP Saves ₦1 Trillion, Sets New Procurement Record

The Bureau of Public Procurement has saved Nigeria over one trillion naira in one budget cycle through price reforms. This historic achievement is being celebrated as a major win for transparency and fiscal discipline. Read more about this landmark feat.

Ex-UN Envoy Rejects Death Penalty for Kidnappers

Former UN Human Rights Envoy, Prof. Uchenna Emelonye, urges Nigerian Senate to strengthen security institutions, not expand capital punishment laws, to effectively combat kidnapping and banditry.

Nigeria's Debt, Salaries Exceed Revenue in 2025

Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.

Reps summon 3 DisCos over N100bn debt to FG

The House of Representatives Public Accounts Committee has summoned IBEDC, BEDC, and PHEDC over an alleged N100 billion debt. The companies have 72 hours to appear or face sanctions. Read more.

ADC to Protest FG's N500bn Debt to Contractors, Pensioners

The African Democratic Congress (ADC) threatens to join ongoing protests by unpaid local contractors and pensioners. The party condemns the APC-led Federal Government's staggering debts, calling it insensitive governance.

Worker stabs supervisor over N10,000 debt in Rivers

A 35-year-old construction worker, Joshua, is in police custody after allegedly stabbing his supervisor into a coma over a N10,000 payment dispute in Ikwerre LGA. The victim is hospitalized, calling for justice.

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