FG Cancels N5.57 Trillion, $1.42 Billion NNPC Debt
President Tinubu approves massive debt write-off for NNPC after reconciliation, aiming for a clean financial slate. Discover the details and ongoing revenue challenges.
Category : Search result: N15 trillion unpaid contracts
Ex-Minister Ngige Denies N2.2bn EFCC Fraud Allegations
Former Labour Minister Chris Ngige pleads not guilty to N2.2bn fraud charges. He insists his three-decade public service record is unblemished. Read the full details of the EFCC case and his defence.
Nigeria's 2026 Budget: N58.47tr Approved, Lower Exchange Rate Set
Nigeria's Federal Executive Council has approved a N58.47 trillion budget for 2026, targeting a lower exchange rate of N1,400/$. Get the full breakdown of allocations and fiscal strategy.
Tinubu Presents N54.4tr 2026 Budget at NASS
President Bola Tinubu presents the 2026 Appropriation Bill of N54.46 trillion to the National Assembly under heavy security. Read the full details of the budget presentation and its implications.
House of Reps Investigates Nigeria's Foreign Treaties, Contracts
The House of Representatives initiates a major investigation into Nigeria's bilateral treaties and foreign-funded contracts, citing sovereignty and debt risks. Learn about the probe's scope and implications.
Tinubu Proposes N43.56trn Bill to End Multiple Budgets
President Tinubu transmits a N43.56 trillion appropriation bill to unify 2024-2025 spending, aiming to stop overlapping budgets and boost capital project performance. Urges swift legislative approval.
Sujimoto's N20tr Border, Agro-Plan to Fight Insecurity
Sujimoto Group proposes a N20 trillion fortified border and agricultural development initiative to combat terrorism and banditry. The plan integrates security with economic growth. Read more.
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.
Senate Okays MTEF, Paves Way for ₦54.4tr 2026 Budget
The Nigerian Senate has approved the 2026-2028 MTEF, enabling President Tinubu to present a historic ₦54.4 trillion budget. Key fiscal parameters set the stage for the national spending plan. Read the full details.
CBN Gets Deadline to Account for N5.2tr Unremitted Funds
The House of Reps Public Accounts Committee has ordered the CBN to reconcile N5.2 trillion in unremitted operating surplus by January 19, 2026. Get the full details on the fiscal accountability probe.
Mbappe Wins €60m Court Case Against PSG
A French court has ordered Paris Saint-Germain to pay Kylian Mbappe €60 million in unpaid wages and bonuses. Get all the details on the landmark ruling.
Mbappé Wins €61m Lawsuit Against Former Club PSG
Paris Saint-Germain must pay Kylian Mbappé €61 million after a Paris labour court ruled in the footballer's favour in a dispute over unpaid salary and bonuses. Get the full details.
FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
N3.8tr Loss: Lagos Traffic Crisis and Tech Solutions
Lagos traffic costs the economy N3.8 trillion yearly. As Yuletide approaches, experts push for tech-driven solutions like e-Call-Up systems and mass transit to salvage the situation. Read more.
Delta Assembly Passes N1.73tr 2026 Budget
Delta State House of Assembly passes a N1.73 trillion budget for 2026, raising the governor's proposal by N65.6 billion. Read details on the budget breakdown and legislative process.
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.
Bagudu: Youth Skills Key to $1 Trillion Economy by 2030
Minister Bagudu says Nigeria can hit a $1 trillion economy by 2030, but only if its booming youth population is equipped with critical skills. He warns the opportunity is time-sensitive.
Galatasaray's €17.5m Osimhen Debt to Napoli Exposed
Galatasaray still owes Napoli €17.5 million for Victor Osimhen's €75m transfer. Details of the payment plan and the striker's form after his permanent move revealed.
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.
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.
72 Data Centres Needed for Nigeria's $1 Trn Economy
Digital Realty CEO Ikechukwu Nnamani says Nigeria requires 72 edge data centres to power a $1 trillion economy by 2030. He highlights a severe infrastructure gap and lack of AI-ready facilities.
EU Agrees to Ban All Russian Gas Imports by Autumn 2027
The European Union has struck a landmark deal to end all imports of Russian gas by 2027. Get the full timeline and details on this major energy shift.
16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline
CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.
Contractors Protest ₦500bn Unpaid Contracts at Finance Ministry
Indigenous contractors protest at Nigeria's Finance Ministry over ₦500 billion unpaid debts, accusing the government of reneging on promises. They demand payment to save jobs and businesses.
NASC to refund N6.93bn for inflated contracts
Audit report reveals National Assembly Service Commission inflated contracts by N6.93bn without due process. Chairman ordered to account for funds or face sanctions. Read full details.
Shettima hails Tinubu's N3.5tn education push at UNIMAID
VP Shettima declares Tinubu's N3.5tn education budget signals renewed commitment to national development through knowledge and innovation at UNIMAID's 50th anniversary.
FG terminates 3 Kogi road contracts over delays
Federal Government terminates three road contracts in Kogi State due to contractor non-performance. Projects to be re-awarded as part of infrastructure development under Renewed Hope Agenda.
States Plan Investment Summit for $1 Trillion Economy
Nigeria's 36 states and FCT plan a subnational investment summit to attract foreign investors, critical for achieving the $1 trillion economy target by 2030. Read more.
Abuja Hospital Guards Protest Over Unpaid Salaries
Security guards paralyze services at Abuja hospitals over 4 months unpaid salaries. Patients stranded as entrances blocked. FCT Administration urged to intervene immediately.
Land Reform Key to Nigeria's $1trn Economy - Dangiwa
Housing Minister Dangiwa reveals land titling as Nigeria's surest path to $1 trillion economy. Learn how the Land4Growth program will unlock $300bn in dead capital.
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