Category : Search result: Federal Government debt


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.

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.

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.

Federal Government Reopens 47 Unity Schools

The Federal Government has reopened the 47 Unity Colleges shut in November over insecurity. The Ministry of Education assures safety measures are in place. Read more.

FG Reopens 47 Unity Schools After Security Boost

The Federal Government has ordered the immediate reopening of 47 unity schools previously closed due to insecurity. Students have returned safely as academic activities resume nationwide.

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.

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.

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.

Supreme Court Calls Out FG Over LG Autonomy

Nigeria's Supreme Court has called on the federal government to implement its judgment granting financial autonomy to 774 local governments. The court dismissed Osun state's suit. Full details inside.

Supreme Court Dismisses Osun's LG Funds Suit

Nigeria's Supreme Court has dismissed Osun State's suit to compel the Federal Government to release withheld local government allocations. Read the full details and implications of the verdict.

FG to Clear N4tr Road Contractors' Debt by Dec 20

The Federal Government has set a December 20 deadline to settle all outstanding payments owed to road contractors, following protests over N4 trillion in delayed project financing. Minister David Umahi announced the presidential directive.

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