N60 Trillion Needed for Mass Housing in Nigeria
Nigeria requires N60 trillion to build mass houses and address its 20 million home deficit. Experts urge investment in local materials to cut costs by 50%. Read more.
Category : Search result: N4 trillion contractors debt
IPMAN Warns of Fuel Crisis Over NMDPRA Debt Delays
IPMAN alerts Nigeria of potential fuel disruption as NMDPRA delays debt payments for over 3 years. Association seeks FG intervention while praising NNPC settlement.
Nigeria at Risk of Debt Crisis, Experts Warn
Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.
Court awards N20.7bn against petroleum marketer
A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.
South Africa Hosts G20 Summit as US Boycotts Event
South Africa hosts crucial G20 summit focusing on debt relief for developing nations as US President Trump boycotts. Key discussions on climate financing and global inequality.
Chinese Property Executive Detained in Indonesia Over $138M Debt
Indonesian authorities detain Chinese property executive WZ wanted for $138 million loan default. The fugitive had been moving through Asian nations since August. Read full details.
SERAP to CBN: Account for Missing N3tr or Face Lawsuit
SERAP demands CBN Governor explain missing N3 trillion public funds documented in Auditor-General's 2022 report. Legal action threatened if no response within 7 days.
Falana: Sue FG for ransom refund, kidnap victims told
Human rights lawyer Femi Falana SAN urges Nigerians to sue the government for ransom refunds after N2.23 trillion paid to kidnappers. Learn your constitutional rights today.
Senate okays N1.15trn loan for 2025 budget deficit
The Nigerian Senate has approved President Tinubu's request to borrow N1.15 trillion from the domestic debt market to fund the increased 2025 budget deficit. Read the full details and implications.
Lady Displays ₦214,000 Loan App Debt, Seeks Help
A Nigerian TikTok user shares her ₦214,000 debt struggle with loan apps, tracing financial woes back to 2020. Discover her story and similar experiences.
Court freezes Indian businessman's assets over ₦9.5B debt
Federal High Court in Lagos issues restraining order against multiple banks from dealing with Indian businessman and his companies amid massive debt dispute with Nigerian firm.
Nigeria Sells $2.35B Eurobond to International Investors
The Federal Government of Nigeria has successfully raised $2.35 billion through Eurobond sales, attracting strong international investor confidence despite global economic challenges.
Nigeria-Germany Alliance for $1 Trillion Economy
Budget Minister Atiku Bagudu announces strategic collaboration with Germany to accelerate Nigeria's ambitious journey toward a $1 trillion economy through targeted investments and economic reforms.
Obaseki Denies N600B Debt: 'Political Fiction'
Edo State Governor Godwin Obaseki vehemently denies allegations of leaving massive debt, calling it political propaganda. Get exclusive insights into the financial facts and the governor's explosive response.
House Scrutinizes Tinubu's N1.15T Loan Request
Nigeria's House of Representatives launches thorough investigation into President Tinubu's massive N1.15 trillion loan request amid growing economic concerns and national debt worries.
Nigeria's $2.25B Eurobond Oversubscribed by 400%
International investors demonstrate overwhelming faith in Nigeria's economy, oversubscribing the latest Eurobond offering by 400% despite global market uncertainties.
National Assembly Scrutinizes Tinubu's ₦1.15T Loan Request
Nigerian lawmakers launch thorough investigation into President Tinubu's controversial ₦1.15 trillion loan proposal amid growing economic concerns and public scrutiny.
BRIPAN Reforms Nigeria's Insolvency Practice Nationwide
The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) is spearheading a nationwide initiative to strengthen Nigeria's insolvency framework, enhance practitioner expertise, and boost investor confidence through comprehensive re
Senate Probes Rail Derailments Amid Loan Debt Concerns
Nigerian Senate investigates alarming rail derailments while controversial new loan agreements spark national debt concerns. Full details on the parliamentary inquiry.
Nigeria-China relations face major overhaul
Nigeria reevaluates its partnership with China amid mounting debt worries and environmental impact concerns. Discover how this strategic shift could reshape bilateral relations.
Tinubu Seeks Senate Approval for ₦15.4 Trillion Loan
President Bola Tinubu has formally requested Senate approval for a ₦15.4 trillion loan facility to address critical infrastructure gaps and economic challenges. Get the full details on this major financial move.
Contractors Block National Assembly Over Unpaid Dues
Angry local contractors have barricaded the National Assembly complex in Abuja, demanding payment for completed projects and accusing the government of neglecting their welfare.
Naira Eurobonds Rally Defies Trump Military Threat
Nigeria's Eurobonds experience significant rally despite Donald Trump's military threat, showcasing strong international confidence in Nigeria's economic prospects.
Nigerians Question Tinubu's Loan Request Amid Doubts
Growing public skepticism surrounds President Tinubu's latest loan request as House of Representatives Deputy Spokesman Philip Agbese voices concerns about transparency and accountability.
NASS Loan Approval: Why Nigerians Shouldn't Worry
Government official reveals why the National Assembly's approval of a $2.347 billion loan shouldn't worry citizens - and how it will actually benefit Nigeria's economy and infrastructure development.
Nigerians Demand Loan Accountability in 2025 Budget
As Nigeria prepares for its ₦41 trillion 2025 budget, citizens are calling on National Assembly members to ensure proper oversight of executive borrowing and prevent unsustainable debt accumulation.
Nigerians Demand Scrutiny of Tinubu's Loan-Heavy Budget
Growing public pressure mounts on National Assembly to reject rubber-stamp approval of Tinubu administration's borrowing plans and ensure fiscal responsibility in 2025 budget.
AI Giants Accumulate Massive Debt in Tech Race
Major tech corporations are accumulating unprecedented debt to finance artificial intelligence development, creating both opportunities and risks for emerging markets like Nigeria.
DLM Funding SPV PLC Announces Major Capital Raise
DLM Funding SPV PLC reveals groundbreaking funding initiative with CBN approval, offering Nigerian investors access to high-yield debt securities through major stockbrokers.
Nvidia Hits $5 Trillion - First Company Ever!
Nvidia don break all records for global market as e become first company wey reach $5 trillion valuation. See how dis AI chip maker dey change the tech world.
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