Former Ogun Lawmaker Kidnapped in Mosque Attack
Gunmen stormed a mosque in Ibiade, kidnapping former Ogun Assembly Chief Whip Maruf Musa. Residents were injured in the sporadic shooting. Get the latest details.
Category : Search result: Ogun state debt
10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
Photographer Drags Bobrisky Over Unpaid BBL Editing Debt
Popular crossdresser Bobrisky trends after photographer Detty Studio accuses him of unpaid photo editing fees and blocking him post-BBL. See the viral allegations and reactions.
Group Slams FG Over NNPC's Multi-Trillion Naira Debt Waiver
CHRICED faults the Federal Government's waiver of $1.42bn and N5.57trn NNPC debt, calling it fiscally reckless and unconstitutional. Read the full details and demands for accountability.
NNPCL Cancels N4.01 Trillion Subsidy Debt
The Nigerian National Petroleum Company Limited has cleared N4.01 trillion in subsidy arrears owed by the FG after FAAC reconciliation. Discover the details and implications for Nigeria's economy.
Stepbrother Shot Dead Over N4,000 Debt in Ogun
Ogun State Police arrest Lekan Lasisi for allegedly shooting his stepbrother dead during a dispute over a N4,000 debt in Abule Tuntun. The suspect claims the gun discharged accidentally.
Southwest Governors Sign N2.9 Trillion 2026 Budgets
Governors Adeleke, Aiyedatiwa sign 2026 appropriation bills for Osun and Ondo states as Ogun Assembly passes a massive N1.66 trillion budget. Details on sectoral allocations and implementation vows.
FCMB Asset Management Gets N20bn Fund Approval
FCMB Asset Management has received SEC approval for a N20 billion Series II private debt fund. The fund targets SDG-aligned sectors like agriculture and clean energy, with issuance opening in January 2026. Read more.
Anthony Joshua Survives Crash in Ogun, Two Dead
Ogun State mourns as two foreign nationals die in a crash involving boxer Anthony Joshua. The champion escaped death. Read details and government's safety plea.
FG Cancels N5.57 Trillion, $1.42 Billion NNPC Debt
President Tinubu approves massive debt write-off for NNPC after reconciliation, aiming for a clean financial slate. Discover the details and ongoing revenue challenges.
Atiku Sympathises Over Anthony Joshua Ogun Crash
Former VP Atiku Abubakar expresses sorrow over the Ogun road accident involving boxer Anthony Joshua that killed two. Get the latest details on the crash and Joshua's condition.
Debt Servicing Cripples Africa's Development - Moghalu
Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.
Tinubu cancels $1.42bn NNPC debt to Federation Account
President Bola Tinubu has approved the cancellation of $1.42 billion in legacy debts owed by NNPC Ltd to the Federation Account. Learn the details and implications of this major financial decision.
Analysis: Nigeria's Cycle of Plunder Politics Deepens
An in-depth analysis of how systemic corruption, ballooning debt, and insecurity have turned Nigeria into a nation exploited by its leaders. Read why calls for change grow louder.
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.
Akpabio Calls for Remo-Ijebu Unity for New State
Senate President Godswill Akpabio urges Remo people to collaborate with Ijebu kinsmen for Ijebu-Remo State creation at Remo Day 2025. Governor Abiodun announces airport cargo ops.
Abiodun Promises Historic Peaceful Transition in Ogun for 2027
Ogun State Governor Dapo Abiodun pledges a seamless 2027 power transfer, citing economic expansion and infrastructure as his legacy. Read his full Christmas message and vision for the state's future.
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.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
DMO Sells N1.6tn T-Bills, Bonds Demand Spikes in November
Nigeria's debt market surged in Nov 2025 with DMO selling N1.6tn in T-bills. FGN Bonds & OMO Bills saw massive oversubscription as the Naira appreciated. Full market analysis inside.
Nigeria's Q2 2025 External Debt Service Hits N2.70tr
Nigeria's external debt service consumed 45.2% of Q2 2025 revenue, as total public debt stock rises to N152.40 trillion. Experts warn of exchange-rate risks and financing conditions.
Ogun Assembly Directs TRACE to Tackle Kuto Flyover Parking
Ogun State House of Assembly mandates TRACE to end illegal parking under Abeokuta's Kuto Flyover to improve safety. State also reveals plans for a state-owned airline and modern bus terminals. Read more.
DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
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.
Supreme Court rules for Fidelity Bank in N30bn debt suit
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
Ogun Appoints New Statistician-General, Adebayo
Governor Dapo Abiodun appoints Mrs. Omolara Adebukola Adebayo as Ogun State's new Statistician-General to strengthen data operations. Also, police aid defrauded Cameroonian national in Ibafo.
Ogun Assembly Commends Housing Ministry's Achievements
Ogun State House of Assembly commends the Housing Ministry for affordable housing and GRA regeneration. Commissioner unveils new legacy projects for 2025, including an International Conference Centre.
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