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.
Category : Search result: Private Debt Fund
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.
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.
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.
Nigeria Seeks Private Sector Support for Biodiversity Plan
Nigeria intensifies efforts to save its rich biodiversity, urging businesses to act under the new National Strategy. Experts warn of severe threats to food security and the economy. Read more.
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.
George Akume confirms marriage to Zynab Otiti Obanor
Secretary to the Government of the Federation, Senator George Akume, has formally acknowledged his marriage to philanthropist Zynab Otiti Obanor, calling it a private affair that does not affect his public duties. Read more.
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.
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.
Man's Viral Self-Tribute Before Death Highlights Nigeria's Healthcare Failures
A Nigerian man's heartbreaking self-tribute before dying from a heart condition has gone viral, exposing demands for N2m deposits by Lagos hospitals and a failing healthcare system. Read his full story.
Access Holdings to Raise N40bn via Private Placement
Access Holdings plans a N40bn private placement in foreign currency to meet CBN's recapitalisation rules and fund expansion. The move comes as the March deadline nears.
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.
Ogun Govt Signs MoU for Olumorock Tourism Centre Takeover
Ogun State government signs MoU with Whatadeal to manage Olumorock tourism centre, aiming to boost IGR and make it a top Nigerian destination. Read more.
Nigeria Rallies Businesses for National Biodiversity Plan
Nigeria intensifies efforts to halt biodiversity loss, mobilising private sector support for its 2025-2030 National Biodiversity Strategy. Business leaders convened in Lagos to shape a practical Business Action Plan aligned with global goals.
Private Sector Joins Push for Stability in Nigeria
Key Nigerian private sector actors unite with civil society to design market-driven strategies for economic resilience and preventing violent extremism in fragile states. Discover the innovative plans.
Sujimoto's ₦20tr Plan to Tackle Terrorism, Banditry
Sujimoto Group unveils a ₦20 trillion integrated plan combining fortified border security with large-scale agriculture to combat Nigeria's insecurity. The strategy aims to tackle terrorism and banditry by linking safety with economic growth.
Care Coordination Key to Healthcare Delivery – Dr Fasuyi
UK-based Nigerian health consultant Dr Tokumbo Fasuyi highlights the critical role of care coordination and personalised health management in improving Nigeria's healthcare outcomes and economic productivity.
Couple dies in Tokyo sauna fire, safety failures exposed
A husband and wife tragically died in a Tokyo sauna fire. Investigations reveal a faulty door handle and a disabled emergency alarm system. Read the full report on this safety failure.
Buhari's Daughter Speaks on His Private Life, Legacy
Halima Buhari offers a rare glimpse into her father's private struggles, revealing he was aware of public disappointment. Read her full insights on leadership and legacy.
GAIA AFRICA Launches New Member Season for Women Leaders
GAIA AFRICA, Africa's premier private club for women leaders, has opened its 2025/2026 member season. The launch features 'The Unbowed' series, highlighting stories of resilience from founders and executives. Join the community shaping the continent's fut
Gas Issues, N6tr Debt Cripple Nigeria's Power Generation
Nigeria's electricity supply plummets due to gas constraints and a massive N6 trillion debt owed to power generation companies. Find out why the grid remains unstable.
DMO to States: Comply with Fiscal Responsibility Act on Loans
The Debt Management Office has urged state governments to strictly adhere to the Fiscal Responsibility Act when borrowing. DMO DG Patience Oniha says compliance is non-negotiable for sustainable public finance. Read more.
10 Dead in Mexico Plane Crash, 3 Children Among Victims
A private plane crash near Toluca Airport, Mexico, kills 10, including 3 children. The pilot reported engine failure before attempting an emergency landing on a football field. Read the full report.
FG Woos Private Sector to Boost Livestock Through PPPs
Nigeria's government urges private investment in livestock via PPPs to unlock the sector's potential, create jobs, and enhance food security. Minister Idi Maiha reveals 38 legacy facilities need revitalisation.
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.
Lawmaker seeks sack of Finance Minister over N4tr debt
Rep. Ikenga Ugochinyere calls for the dismissal of Finance Minister Wale Edun and FIRS Chairman Zacch Adedeji over N4 trillion unpaid contracts, accusing them of sabotaging Tinubu's agenda. Contractors protest non-payment.
SEC Flags Glorious Wealth Fund as Unauthorised
Nigeria's SEC warns against Glorious Wealth Fund (GWF), an unlicensed online investment platform. Learn the red flags of Ponzi schemes and how to protect your money.
Benue PDP Chief Rejects Northern Security Fund
PDP chieftain Bemgba Iortyom rejects Benue's inclusion in the Northern Security Trust Fund, calling it a flawed plan that diverts state resources. He criticises Governor Alia's priorities.
Eko DisCo: Free Meters Only Through Official Portal
Eko DisCo urges customers to apply for free prepaid meters only via its official portal, warning against third-party scams. Learn about the MAF Tranche B scheme and community engagement in Apapa.
Nigeria Gets $100m AfDB Loan for Youth Fund
Nigeria's FEC has approved a $100 million AfDB loan for the Youth Investment Fund and a $50m Islamic Bank loan for Yobe agriculture. President Tinubu pushes for 7% growth.
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