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.
Category : Search result: NMDPRA debt
Dangote Refinery's 2025 Crisis: Unions, Pricing & Regulation
Nigeria's oil sector faced major tensions in 2025 as Dangote Refinery clashed with unions, marketers, and regulators over labour rights, pricing, and market control. Explore the full review of the crisis and its implications for 2026.
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.
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.
Obi Reframes $5m School Fees as National Moral Test
Peter Obi shifts the Dangote-Farouk debate to Nigeria's education inequality, showing how $5m could build 25 schools for 6,000 students. A call for public conscience.
Nigeria's Oil Sector: PIA Fails, Distrust Deepens
Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the 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.
ICPC Summons Dangote Over Petition Against Ex-NMDPRA Boss
The ICPC has summoned business magnate Aliko Dangote to appear before its investigators regarding his petition alleging corruption against former NMDPRA MD Ahmed Farouk. Read the full details.
ICPC Invites Dangote in $7M Ex-NMDPRA Boss Probe
The ICPC has invited Aliko Dangote to provide evidence in his corruption petition against former NMDPRA MD Farouk Ahmed, who allegedly misused over $7 million in public funds. The probe continues despite Ahmed's resignation.
Dangote Refinery Cuts Fuel Price to N699/Litre in Lagos
Dangote Refinery announces a new petrol price of N699 per litre at its Lagos gantry, offering hope for cheaper fuel nationwide. Nigerians react as calls grow to end fuel imports.
Dangote Refinery Cuts Fuel Price to N699/Litre
Dangote Refinery reduces petrol price to N699 per litre at its Lagos gantry, exciting Nigerians and prompting calls to end fuel imports. Read public reactions and details.
Senate Confirms New CEOs for Petroleum Agencies
The Nigerian Senate has confirmed Saidu Mohammed and Oritsemeyiwa Eyesan as CEOs of NMDPRA and NUPRC. Read about their confirmation process and the expectations for Nigeria's oil sector.
Senate Confirms New NMDPRA, NUPRC CEOs After Resignations
The Senate has confirmed new heads for Nigeria's oil regulatory bodies following the resignations of Farouk Ahmed and Gbenga Komolafe amid serious corruption allegations from Aliko Dangote. Read the full details of the scandal and swift political response
Oshiomhole Questions New NMDPRA CEO on Policy Direction
Senator Adams Oshiomhole challenged the new NMDPRA CEO to abandon his predecessor's 'shameful' policies and prioritize protecting local industries for job creation. Watch the video.
Ahmed defends $5M education spending, welcomes probe
Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige
Senators Celebrate Exit of Petroleum Regulators, Demand Change
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
Probe Ex-NMDPRA Boss Despite Resignation – Timi Frank
Comrade Timi Frank insists anti-graft agencies must investigate Farouk Ahmed after his resignation. He warns that silence on the $7 million allegations could erode public trust and hurt Nigeria's investment climate.
Frank Demands EFCC, ICPC Probe After NMDPRA Boss Resigns
Activist Timi Frank insists resignation isn't enough, calls for EFCC and ICPC to probe ex-NMDPRA CEO Farouk Ahmed over Dangote's $7M allegations. Urges Tinubu to act.
NBA: Resignation Not Exoneration for Ex-NMDPRA CEO
The Nigerian Bar Association insists on a full investigation into Aliko Dangote's corruption allegations against Farouk Ahmed, warning that resignation must not end the matter. 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.
Tinubu meets oil regulator chief after Dangote's allegations
President Tinubu held a private meeting with NMDPRA CEO Farouk Ahmed following explosive allegations by Aliko Dangote of corruption and economic sabotage in Nigeria's oil sector.
NMDPRA, NUPRC Chiefs Resign After Dangote's Allegations
President Tinubu seeks Senate confirmation for new oil sector chiefs after Farouk Ahmed and Gbenga Komolafe resign. The move follows Aliko Dangote's public allegations of multi-million dollar school fees payments. Read the full details.
Farouk Ahmed Resigns as NMDPRA Boss, Tinubu Nominates Successor
President Tinubu nominates new NMDPRA CEO after Farouk Ahmed's resignation amid Dangote's allegations. Get the full details on the leadership shake-up in Nigeria's oil sector.
Saidu Aliyu Mohammed Appointed NMDPRA CEO by Tinubu
President Tinubu appoints Engr. Saidu Aliyu Mohammed as new NMDPRA CEO following Farouq Ahmed's resignation. Learn about his 37-year career in oil & gas.
Group Storms ICPC, Demands Probe of NMDPRA Chief
A civil society group storms ICPC, demanding an urgent probe into allegations that NMDPRA boss, Engr. Farouk Ahmed, spent $5m on his children's Swiss education. Read the full story.
Protesters Storm Anti-Graft Agencies Over NMDPRA Boss
EUYI protesters demand swift ICPC, EFCC investigation into allegations against NMDPRA CEO Farouk Ahmed, following claims by Aliko Dangote. The group warns that silence erodes public trust.
Farouk Ahmed Denies Dangote Allegation Response
NMDPRA Chairman Farouk Ahmed denies issuing a statement on Aliko Dangote's corruption allegations, thanks him for formal petition. Nigerians demand his suspension. Full details inside.
Dangote Accuses NMDPRA Boss, Petitions ICPC Over $5M Fees
Aliko Dangote petitions ICPC, alleging NMDPRA CEO Farouk Ahmed paid $5m in school fees. A social media user explains the clash stems from refinery policy constraints. Read the full story.
Group Calls for Probe into $5M School Fees for NMDPRA CEO's Kids
Civil society groups demand President Tinubu and EFCC investigate claims NMDPRA's Farouk Ahmed paid $5M in school fees. They stress transparency is vital for public trust. Read the full story.
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