Nigeria Disagrees With World Bank Over ₦7.7tn Debt Interest Payments
THE Federal Government has disagreed with the World Bank on the latter’s concerns that interest payments of N7.7tn in the first half of.
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I Left Anambra Without Owing Salaries, Pensions, Contractors, Obi Insists
THE presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has insisted that he neither borrowed money nor issued bonds on behalf.
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Anambra Govt Releases Details Of $123.77m External Debt Allegedly Inherited From Obi
THE Anambra State Government has released details of external debt allegedly inherited from the administration of Peter Obi, the state’s former governor. News.
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Taraba Govt Rejects N1.2trn Debt Claim, Says Actual Domestic Owing Stands At N85.5bn
THE Taraba State Government has dismissed allegations by opposition parties that the state has accumulated a debt burden of more than N1.2 trillion.
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FG Settles N333bn Power Debt To Eight GenCos, Begins N729bn Bond Drive
THE Federal Government has disclosed that it has paid N333 billion to eight participating electricity generation companies (GenCos), covering 17 power plants, under.
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Senate Probes Alleged $71.6m, ₦30.7bn NDDC Debt, Summons Oil Firm
THE Senate has launched an investigation into the alleged failure of NEMBE Exploration and Production Company (NEPL) to remit $71.64 million and ₦30.74.
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NCAA Suspends Services To Max Air, Air Peace, Ibom Air, Eight Others Over Debts
THE Nigeria Civil Aviation Authority has directed its directorates to suspend services to 11 domestic airlines after placing them on its updated “No-Pay-No-Service”.
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Inside Nigeria’s States’ Debt Story: Lagos, Kaduna, Delta Borrow More While Imo, Oyo, Kano Cut Back
NIGERIA’s deepening subnational debt crisis came into sharp focus in recent days, as rising borrowings, uneven fiscal discipline, and mounting economic pressures continue.
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Reps Move To Recover $7bn Debt From Foreign Airlines
THE House of Representatives has commenced moves to recover over $7bn allegedly owed to the Federation Account by some foreign airlines operating in.
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Relief For Unpaid Contractors As FG Earmarks ₦1.7tn In 2026 Budget To Clear Debt
THE Federal Government has earmarked ₦1.7 trillion in the proposed 2026 Appropriation Bill to settle outstanding debts owed to contractors for capital projects.
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‘Togo, Niger Republic, Benin Owe Nigeria N25bn For Electricity’, NERC Reveals
Togo, Niger Republic, and Benin owe Nigeria $17.8m, an equivalent of over N25bn at the current exchange rate, for electricity supplied under bilateral.
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States, LGs Cut Bank Debts By ₦547.5bn As FAAC Inflows Surge
STATE governments and local government councils across Nigeria have significantly reduced their exposure to bank loans, collectively repaying about ₦547.52 billion within one.
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Prison Feeding Crisis Worsens As Suppliers Threaten To Stop Food Deliveries Over ₦30bn Debt
CONTRACTORS responsible for providing food to inmates across correctional centres in the country have raised alarm over what they describe as crippling unpaid.
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Oyo, Kaduna, Gombe Top As 20 States Pile Up N458bn Debt Despite Rising Allocations
NO fewer than 20 Nigerian states borrowed a combined N457.66bn in the first half of 2025, even as their monthly allocations from the.
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‘Entertainment, Not Economics’, Presidency Blasts Dino Melaye Over Debt Remarks
THE Presidency has dismissed recent remarks by Senator Dino Melaye on Nigeria’s debt profile as “noise without knowledge,” accusing him of substituting political.
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Reps Summon 11 Discos Over N2.6trn Debt As Abuja, Ibadan, Ikeja Top List Of Defaulters
THE House of Representatives Committee on Public Accounts has summoned 11 electricity Distribution Companies (Discos) over an outstanding ₦2.6 trillion debt owed to.
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States Drown In Debt: Lagos, Adamawa, Taraba, Nine Others Spend N117bn On Servicing Loans
TWELVE states, including Lagos, Kaduna, and Benue, spent over N117 billion servicing debts in the first quarter of 2025 despite falling far short.
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Arik Must Repay N455bn Debt, AMCON Insists
THE Asset Management Corporation of Nigeria (AMCON) says the agency is ready to work in line with its mandate by recovering the accumulated.
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I Inherited N8.9bn Debt As APC Chairman – Ganduje
DR Abdullahi Ganduje, the National Chairman of the All Progressives Congress, APC, on Wednesday said he inherited N8.98 billion debt in legal liabilities..
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State Governors’ Borrowings Hit N11.4tn As Federal Allocations Rise
THE total debt of Nigerian states has risen to N11.47tn as of June 30, 2024 despite higher allocations from the Federation Account Allocation.