Makinde aide refutes N50b claim, cites political motive
Oyo Governor's media aide debunks N50b fund allegation, explains N30b was used for Bodija blast recovery. He links attacks to Makinde's 2027 stance. Read the full facts.
Category : Search result: debt allegation
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.
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.
Tinubu's Christmas vow on religious freedom in Nigeria
President Bola Tinubu pledges to protect all faiths in his Christmas message, a statement coming after US allegations of Christian persecution in Nigeria. Read his full commitment.
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.
Odumodublvck Accused of Assaulting Chocolate City Staff
Chocolate City alleges rapper Odumodublvck assaulted a staff member backstage at a Lagos concert, linking it to his feud with Blaqbonez. The incident raises safety concerns in Nigeria's music industry.
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.
Nigerian Mum in Canada Accuses Husband, Kinsman Reacts
A Nigerian mother of four in Canada alleges her husband impregnated their maid. Her husband's kinsman has now responded, sparking fresh debate online. Read the full story.
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.
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.
Peller Apologizes for Lagos Crash, Pleads for Jarvis
TikTok star Peller breaks his silence after a near-fatal crash on Lekki-Epe Expressway, apologizes to Nigerians, and pleads with fans to stop bullying his ex-girlfriend Jarvis over cheating claims.
Tinubu Urged to Probe Ribadu, Kwara Gov Over Arms Claims
Political activist Timi Frank urges President Tinubu to investigate NSA Ribadu and Kwara Governor over alleged arming of non-state actors. A national security scandal unfolds.
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.
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.
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.
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.
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.
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.
FG Issues N1.23tr Bond to Settle Power GENCO Debt
The Federal Government plans a N1.23 trillion bond to clear debts owed to power generation companies and restore liquidity in the electricity market. Read more.
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.
Activist Demands Tinubu Suspend NMDPRA CEO After Dangote Claim
Political activist Timi Frank calls on President Tinubu to suspend NMDPRA's Farouk Ahmed for a probe into a $5 million school fees allegation raised by Aliko Dangote. Read the full details and implications for Nigeria's anti-corruption fight.
Jarvis Denies Cheating Allegations in Viral Video
TikTok star Jarvis breaks silence on cheating rumours involving Peller. She claims she never deprived him and gave him "full access." Read full story and see social media reactions.
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.
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.
Man responds to ex-wife's threesome claims, alleges infidelity
Bobby breaks his silence, denying Sandra's threesome request story. He claims he called off the marriage after discovering she was pregnant for another man. Get the full details of this shocking split.
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.
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