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.
Category : Search result: Debt Management Office
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.
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.
Funke Akindele Breaks Box-Office Records with N512M Film
Nollywood star Funke Akindele makes history as her new movie 'Behind The Scene' becomes the fastest to hit N500M and tops weekend charts. Read about the film's success and fan reactions.
Behind the Scenes grosses ₦512m, sets Nollywood record
Funke Akindele's new film 'Behind the Scenes' makes Nollywood history, grossing ₦512 million in just 12 days. Discover how it became 2025's top film.
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.
Bollywood Profits Squeezed by Star Fees, Entourages
Bollywood producers reveal how stars' multi-million dollar fees and lavish demands for entourages and trailers are crippling film finances. Discover the industry's call for change.
Fire Guts FIRS Office in Abuja, Contained by Responders
A fire incident at the Federal Inland Revenue Service office in Abuja's Wuse Zone 5 was swiftly contained. No casualties reported. Read the full details.
Lagos Revives Local Emergency Committees
LASEMA revitalises Local Emergency Management Committees (LEMCs) across Lagos to strengthen grassroots disaster preparedness ahead of the festive season. Residents urged to act responsibly.
Man kills friend over sachet water in Minna
A minor disagreement over sachet water for ablution in Minna turned fatal, leaving one dead. Angry youths demand justice. Read the full story.
Nigeria's Debt, Salaries Exceed Revenue in 2025
Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.
Behind Funke Akindele's Record 200M Naira Opening Weekend
Discover the strategic marketing and grassroots efforts that powered Funke Akindele's latest film to a historic 200 million Naira opening weekend. Learn the secrets behind the numbers.
Ajadi Powers PDP, INEC Offices in Egbeda with Solar
Ambassador Olufemi Ajadi fulfills pledge, installing solar power systems at PDP and INEC offices in Egbeda, Oyo State, to tackle electricity challenges and boost administrative efficiency.
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.
FG Issues N1.23tr Bond to Settle Power GENCO Debt
The Federal Government plans a N1.23 trillion bond to clear debts owed to power generation companies and restore liquidity in the electricity market. Read more.
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.
Funke Akindele's Film Earns N200m in Opening Week
Nollywood star Funke Akindele reacts emotionally as her new movie 'Behind The Scenes' grosses over N200 million in Nigeria and £42,000 in UK/Ireland in its historic opening weekend.
Reps summon 3 DisCos over N100bn debt to FG
The House of Representatives Public Accounts Committee has summoned IBEDC, BEDC, and PHEDC over an alleged N100 billion debt. The companies have 72 hours to appear or face sanctions. Read more.
Funke Akindele's New Film Earns ₦200M in Opening Weekend
Funke Akindele's latest Nollywood film 'Behind The Scenes' grosses over ₦200 million in its opening weekend, setting the biggest cinema opening record for 2025. Read the full story.
LP to Sue Ogun State Over N1.669 Trillion Budget Loan
Labour Party warns Governor Dapo Abiodun against borrowing to fund Ogun's 2026 budget, threatens court action. Details on the N518.9bn debt plan and political showdown.
James Cameron Becomes Billionaire Director
Legendary filmmaker James Cameron's net worth hits $1.1 billion, driven by blockbusters like Titanic and Avatar. Discover how he built his fortune and what's next for the director.
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.
Migrant swallows vape battery to stop deportation
An illegal migrant convicted of child sex offences swallowed a vape battery in a calculated bid to avoid deportation from the UK. Read the full details of the case and the ongoing legal battle.
Worker stabs supervisor over N10,000 debt in Rivers
A 35-year-old construction worker, Joshua, is in police custody after allegedly stabbing his supervisor into a coma over a N10,000 payment dispute in Ikwerre LGA. The victim is hospitalized, calling for justice.
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.
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