Category : Search result: public debt Nigeria


Outrage Over NNPC Debt Write-Off by President

President's decision to write off $1.42bn and N5.57tn NNPC debt faces legal scrutiny. Nigerians urged to demand accountability and reversal from National Assembly. #Nigeria #NNPC

N720bn Contractor Debt Scandal Indicts Nigerian Government

The Federal Government's N720 billion debt to local contractors is a moral failure, crippling businesses and halting projects. This editorial demands urgent action and transparency to fix Nigeria's broken contract system.

NNPC Debt Waiver: Only Penalties Forgiven

Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.

NNPCL Cancels N4.01 Trillion Subsidy Debt

The Nigerian National Petroleum Company Limited has cleared N4.01 trillion in subsidy arrears owed by the FG after FAAC reconciliation. Discover the details and implications for Nigeria's economy.

Stepbrother Shot Dead Over N4,000 Debt in Ogun

Ogun State Police arrest Lekan Lasisi for allegedly shooting his stepbrother dead during a dispute over a N4,000 debt in Abule Tuntun. The suspect claims the gun discharged accidentally.

FCMB Asset Management Gets N20bn Fund Approval

FCMB Asset Management has received SEC approval for a N20 billion Series II private debt fund. The fund targets SDG-aligned sectors like agriculture and clean energy, with issuance opening in January 2026. Read more.

Debt Servicing Cripples Africa's Development - Moghalu

Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.

SEC: Over ₦753bn Raised via Commercial Paper Issuance

SEC DG Dr. Emomotimi Agama reveals Nigerian firms raised over ₦753bn in commercial papers from April to October 2025, signaling strong investor confidence and market resilience. Discover the key drivers and future outlook.

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.

Countries Where Christmas Is Not a Public Holiday

While Nigeria marks Christmas with a public holiday, in 36 nations, including Israel, Saudi Arabia, and China, December 25 is a regular workday. Discover the reasons behind this global diversity.

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.

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