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.
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FG to Pay N185bn Gas Debt to Improve Power Generation
President Tinubu approves N185bn payment to gas producers to restore supply, boost electricity generation, and rebuild investor confidence in Nigeria's power sector.
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.
NEDC Gives Relief to Families of Slain Bauchi Police
NEDC provides food and non-food items to families of five police officers killed by bandits in Bauchi. The gesture aims to cushion the hardship from the tragic incident.
US Pauses Immigration for 19 Countries Under Travel Bans
The Trump administration has paused all immigration applications, including green cards, for nationals from 19 countries already under travel bans. The move follows a security incident in Washington D.C. Read the full details and implications.
AMCON Repays N3.6trn to CBN, Pursues 3,000 Court Cases
Nigeria's AMCON has repaid N3.6 trillion to the CBN from debt recovery and asset sales since 2010. The corporation still owes N3 trillion and is engaged in over 3,000 lawsuits. Read the full report.
AMCON pays N3.6tn to CBN, hits 87% recovery rate
Nigeria's AMCON has repaid N3.6 trillion to the CBN, achieving an 87% recovery rate. CEO Gbenga Alade reveals plans to trace global assets of debtors. Read the full report.
Contractors Protest N760bn Debt, Disrupt Ministry
Indigenous contractors block the Federal Ministry of Finance in Abuja, demanding payment of N760 billion for completed 2024 projects. The protest disrupts government activities as financial distress deepens.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
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.
National Debt Rises to N152.4 Trillion
Nigeria's public debt surges to N152.39 trillion as experts warn short-term investments threaten fiscal stability. State debts see historic decline. Read the full analysis.
FG Urged to Unlock N70tr Maritime Revenue for Debt
Olisa Agbakoba Legal urges FG to implement maritime reforms, unlocking N70 trillion yearly to service Nigeria's N152.4 trillion public debt and stop massive revenue losses.
Rice Price Crashes to N60,000 Bag Ahead of Christmas
Nigerians get festive relief as rice prices drop significantly. A 50kg bag now sells for around N60,000 due to improved local harvests and border reopening. Read more.
Africa's $90B Debt Crisis Blocks Climate Action
African countries spent $90B on debt servicing in 2024 while climate finance falls short. G20 summit must deliver debt relief to unlock Africa's green transition and global climate security.
Kenya: Economic Crisis & Political Unrest Deepen
Kenya faces multiple crises: public debt hits 68% of GDP, 41 protest deaths, rising femicide cases, and environmental breakdown. Can President Ruto's priorities save East Africa's powerhouse?
Trump's Third World Immigration Ban Sparks Debate
Donald Trump's announcement to halt immigration from Third World countries reignites global debate over the outdated term. Full list of affected nations revealed.
Trump's Permanent US Migration Ban on Nigeria, Others
Former President Donald Trump announces sweeping immigration policy to permanently halt migration from Nigeria and other developing countries, citing security concerns.
US Re-examines Green Cards from 19 Nations After Attack
Trump administration orders full review of green cards from 19 'countries of concern' following deadly Washington DC shooting by Afghan national. Details on affected nations and policy changes.
Trump Imposes Permanent Migration Ban on Third World
President Donald Trump declares permanent pause on migration from all Third World countries, citing security concerns and immigration policy failures. Full details on the Thanksgiving announcement.
Nigeria Exempt from US Green Card Review of 19 Nations
Nigeria exempt as US orders full reexamination of green cards from 19 countries of concern following DC shooting. Trump administration intensifies immigration crackdown.
Trump Pledges Permanent Migration Ban After DC Attack
President Trump announces permanent migration pause from third world countries after National Guard shooting in Washington DC. Two guards shot, one killed in attack by Afghan national.
Zamfara Settles N67m Debt for 436 Freed Inmates
Zamfara First Lady Hajiya Huriyya Lawal has secured the freedom of 436 inmates by settling their N67.2m debt. The intervention occurred during a mass wedding ceremony for 200 orphans in Gusau.
98% of Nigerian Workers Exempt from Income Tax by 2026
Tax reforms chairman Taiwo Oyedele reveals 98% of Nigerian workers will be exempt from personal income tax starting January 2026. Small businesses also get VAT relief. Learn how this affects you!
Nigerian Couple's $88,000 Wedding Loan Costs $158,924
A Nigerian couple borrowed $88,000 for their wedding and will repay $158,924 over 17 years. Shocking details revealed by friend spark wedding cost debate.
Nigerian Media Seek Tax Relief Amid Economic Crisis
Nigerian editors demand tax relief and VAT exemption as economic crisis threatens media independence. Experts warn against government funding compromising watchdog role.
G20 Urged: Africa's Debt Crisis Blocks Climate Action
Former Ethiopian PM warns G20: Africa spends $90B on debt servicing while climate finance falls short. Debt relief essential for global climate security. Read more.
Contractors Appeal to Tinubu Over FG Debt Since 2024
Nigerian contractors under ANC appeal to President Tinubu for payment of debts owed since January 2024. They face financial crisis ahead of Christmas due to heavy bank interests.
ECB Warns on AI Bubble and Eurozone Debt Risks
European Central Bank warns AI valuations may be overstretched and sovereign debt levels threaten financial stability. Learn how this affects global markets.
Canada Flags Nigeria, 16 African Nations as High-Risk
Canada warns citizens against non-essential travel to Nigeria and 16 African countries due to terrorism, kidnappings, and political instability. Stay informed about security risks.
Africa's $163bn Debt Crisis Needs EU Action
African leaders warn Europe must help break debt cycle as countries pay $163bn annually. Unsustainable debt hampers climate resilience and development across the continent.
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