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.
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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.
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.
Chukwueze Opens Up on AC Milan Exit, Thriving at Fulham
Super Eagles star Samuel Chukwueze reveals he lacked opportunities at AC Milan. Now on loan at Fulham, he's shining with 2 goals and 4 assists. Read his full story.
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.
Endrick Joins Lyon on Loan from Real Madrid
Brazilian starlet Endrick moves to Lyon on loan from Real Madrid. The 19-year-old aims to secure playing time ahead of the 2026 World Cup. Full details on the transfer.
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.
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.
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.
FG Opens N5m Loan Scheme for Youths: Apply Now
The Federal Government invites employed Nigerian youths (18-39) to apply for loans up to N5 million via CREDICORP's YouthCred scheme. Learn details and public reactions.
Putin's Year-End Remarks: Demands Respect, Lists Gains
Russian President Vladimir Putin, in his marathon press conference, demanded 'respect' from the West and listed battlefield gains. This follows a new $105bn EU loan to Ukraine. Read the full analysis.
Nigerian Youths Can Borrow Up to N5 Million via FG's YouthCred
The Federal Government has opened a portal for Nigerian youths aged 18-39 to access loans up to N5 million under the new YouthCred scheme. Apply now for flexible, low-interest credit to boost your business or career.
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.
Cross River Enforces Vehicle Colours from Jan 31
Cross River State mandates all commercial vehicles to adopt state-approved colours and security numbers by January 31, 2026. Non-compliance will attract sanctions. The move aims to boost safety and uniformity.
NELFUND Gives N154.4bn Loans to 788,947 Students
Nigerian Education Loan Fund disburses N154.4bn in interest-free loans to 788,947 students. CEO Akintunde Sawyerr reveals details and urges more applications from public institution students.
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.
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.
1,100+ Ondo Varsity Students Get N144.5m Loan
Adekunle Ajasin University confirms over 1,116 students benefited from N144.5m NELFUND loans for tuition. VC also details new hostel projects to enhance campus safety. Read more.
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.
NELFUND Pays ₦997.8m Tuition for 5,386 KWASU Students
Nigerian Education Loan Fund disburses ₦997.8 million to cover tuition for 5,386 Kwara State University students for the 2024/2025 session. Read the full details of this major educational intervention.
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.
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.
Nigeria starts N185bn gas legacy debt repayment
The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.
N185bn Approved to Settle Gas Debts for Power Boost
The Federal Government has approved N185 billion to pay legacy debts to gas producers, aiming to restore confidence, boost gas supply, and improve Nigeria's electricity generation. Read more.
UNIOSUN VC Warns Students on Social Media, Promotes NELFUND
Osun State University VC, Prof. Clement Adebooye, advises new students against social media misuse and encourages applications for the NELFUND loan scheme to support their education.
FG to Pay N185bn Gas Debt to Improve Power Generation
President Tinubu approves N185bn payment to gas producers to restore supply, boost electricity generation, and rebuild investor confidence in Nigeria's power sector.
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