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.
Category : Search result: state government debt
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.
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.
Trump Signs Deal to End US Government Shutdown
President Trump signs legislation ending the 43-day US government shutdown, allowing federal workers to return and restoring critical services ahead of Thanksgiving.
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.
CAS Vows Full Implementation of Tinubu's Directives
The Civil Service Commission pledges complete adherence to President Bola Tinubu's reform agenda, promising transformative changes in Nigeria's public service sector.
Amnesty slams Nigeria's Southeast security failure
Amnesty International exposes alarming security failures in Nigeria's Southeast as federal government faces criticism for ignoring escalating violence and human rights abuses.
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.
Tinubu Govt Denies Christian Genocide Claims
The Nigerian government has strongly denied allegations of Christian genocide, labeling them as dangerous misinformation threatening national unity and security.
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.
Ogun Govt Rebuilds Assembly Complex, Commissioners' Quarters
Ogun State Government announces comprehensive reconstruction of the Legislative Assembly Complex and Commissioners' Quarters in Abeokuta, marking a significant infrastructure upgrade.
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
US Government Shutdown Breaks Record as Longest Ever
The United States government shutdown has officially become the longest in history, surpassing 35 days and causing widespread disruption across federal services and agencies.
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.
Kano Mandates Monthly Security Meetings Across All LGAs
Kano State Government orders mandatory monthly security meetings at all local councils to address escalating security challenges through coordinated grassroots approach.
Lagos to Showcase Climate Leadership at COP30
Lagos State Government prepares to demonstrate its groundbreaking climate initiatives and sustainable urban development models at the upcoming COP30 global climate summit in Brazil.
APC Sweeps All 25 Chairmanship Seats in Niger LG Polls
Niger State's ruling APC secures complete victory in local government polls, winning all chairmanship positions amid impressive voter turnout across the state.
APC sweeps all 25 chairmanship seats in Niger LG polls
Niger State witnesses political tsunami as APC secures complete control of all 25 local government chairmanship positions in decisive local elections victory.
Edo Law: Jail Term for Forceful Govt Property Entry
Edo State Governor signs groundbreaking legislation criminalizing forceful entry into government properties with strict penalties including imprisonment and fines.
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.
Rivers Community Protests Imposed Youth Leaders
Tensions escalate in Rivers community as residents allege local government chairman imposed youth leaders against their will, sparking protests and demands for democratic process.
Weather delays Lagos-Abeokuta road construction
Construction firm Hensek Engineering cites persistent rainfall as major obstacle slowing progress on critical Lagos-Abeokuta highway project, promising accelerated work during dry season.
Partial Food Stamp Benefits Due to Government Shutdown
Trump administration confirms partial SNAP benefits for November due to ongoing government shutdown. Millions of low-income families face uncertainty as food assistance programs hit crisis point.
Lagos urges Supreme Court to affirm defilement conviction
Lagos State government makes final appeal to Supreme Court to affirm conviction of Adegboyega Olaleye in shocking defilement case that has gripped the nation.
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