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.
Category : Search result: debt recovery
Police kill robbery suspect, recover gun in Nasarawa
Nasarawa police neutralised a robbery suspect in a gun duel on Lafia-Obi Road. A locally made pistol was recovered. CP Shetima Mohammed commended the operatives' gallantry.
Police Arrest 2 Bandit Kingpins in Kwara, Recover Arms, Cash
Nigerian Police arrest two notorious bandit leaders in Kwara, recovering an AK-47, ₦500,000 ransom cash, and a new motorcycle. The gang terrorised four states. Read more.
Police Arrest Viral Video Bandit, Recover AK-47, Cash
Nigerian police arrest two notorious bandits in Kwara, including one from a viral video. AK-47 rifle and N500,000 ransom money recovered. Read the full details of the operation.
Police recover illegal firearm in Lagos stop-and-search
Lagos Police recover a locally made firearm in Ishashi during a routine patrol. The command reaffirms stop-and-search as a key crime prevention strategy. Read more on the latest security efforts.
Zulum Felicitates Christians, Thanks God for Borno Peace
Borno Governor Babagana Zulum extends Christmas greetings, thanking God for restored peace. He highlights a year of recovery and interfaith harmony while on a security tour.
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.
Community Support Vital for Trauma Healing - Study
New research by Kaliyat Gamba links strong community support to better trauma recovery. Her foundation, HHHF, reached hundreds in Abuja on World Mental Health Day 2025. Learn how shared responsibility heals.
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.
Court forfeits N5.2bn lands for Jonathan estate to FG
A Federal High Court in Abuja has permanently forfeited two high-value plots of land meant for the Goodluck Jonathan Legacy Model Housing Estate to the Federal Government. The ICPC secured the order to ensure the project benefits end-users.
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.
HND holder's PhD triumph over workplace discrimination
Dr. Sunday Zaccheaus Saanu shares his 14-year journey from HND to PhD, detailing the discrimination he faced and his recovery plan. He urges an end to the HND-degree dichotomy.
Army Arrests Gunrunner, Recovers Arms in Plateau
Nigerian Army troops, with DSS, arrested a gunrunner and seized a large cache of arms in Bokkos and Mangu, Plateau State. The operation aims to ensure a peaceful Christmas season. Read more.
Army neutralises 3 terrorists, recovers weapons in Zamfara
Nigerian troops have eliminated three terrorists and recovered weapons in Zamfara State during Operation Forest Sanity IV. Read the full report on the latest military success.
Major Arms Cache Recovered in Kogi, Says Gov Ododo
Kogi Governor Usman Ododo credits President Tinubu's security reforms for a major arms recovery in Lokoja. The haul includes dozens of rifles and hundreds of ammunition rounds. Read more.
Ododo Recovers Arms Cache, Vows Anti-Terror War
Kogi Governor Ahmed Ododo announces recovery of major arms cache in joint security operation. He vows total war on terror following meeting with President Tinubu. Read details.
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.
How Foreign Countries Aid Nigeria's $400B Political Loot
Academic research reveals Nigerian officials stole over $400B, with funds held in wealthy nations. Explore the slow recovery process and key cases like Abacha. #Nigeria #Corruption
SIAO Partners: Navigating Nigeria's Business Challenges
Discover how SIAO Partners, led by Abiodun Ariyibi, provides expert audit, tax, and advisory services to help Nigerian businesses achieve sustainable growth despite regulatory and economic hurdles.
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.
Kwara Police Arrest 5 Suspected Bandits, Recover Ammunition
Kwara State Police Command arrests five suspected bandits, rescues a kidnapped woman, and recovers 100 rounds of AK-47 ammunition in major security operations. Read details.
Lady Recovers N26k Sent to Wrong Opay Account
A Nigerian woman, Akinwade Maj Royal, mistakenly transferred N26,000 to a stranger's Opay account. After a desperate plea, the receiver, Bãbã ÆLī Mãllõwãñ, surprisingly refunded the money. Read the full story of this heartwarming act of honesty.
AMCON Repays N3.6trn to CBN, Pursues 3,000 Court Cases
Nigeria's AMCON has repaid N3.6 trillion to the CBN from debt recovery and asset sales since 2010. The corporation still owes N3 trillion and is engaged in over 3,000 lawsuits. Read the full report.
AMCON pays N3.6tn to CBN, hits 87% recovery rate
Nigeria's AMCON has repaid N3.6 trillion to the CBN, achieving an 87% recovery rate. CEO Gbenga Alade reveals plans to trace global assets of debtors. Read the full report.
Contractors Protest N760bn Debt, Disrupt Ministry
Indigenous contractors block the Federal Ministry of Finance in Abuja, demanding payment of N760 billion for completed 2024 projects. The protest disrupts government activities as financial distress deepens.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
Contractors Protest ₦500bn Unpaid Contracts at Finance Ministry
Indigenous contractors protest at Nigeria's Finance Ministry over ₦500 billion unpaid debts, accusing the government of reneging on promises. They demand payment to save jobs and businesses.
National Debt Rises to N152.4 Trillion
Nigeria's public debt surges to N152.39 trillion as experts warn short-term investments threaten fiscal stability. State debts see historic decline. Read the full analysis.
FG Urged to Unlock N70tr Maritime Revenue for Debt
Olisa Agbakoba Legal urges FG to implement maritime reforms, unlocking N70 trillion yearly to service Nigeria's N152.4 trillion public debt and stop massive revenue losses.
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