Category : Search result: national debt


NASS Confirms Musa, Bans Ransom in Security Overhaul

The Senate and House of Representatives confirm Gen. Christopher Musa as Defence Minister and adopt hard-line anti-terror measures, banning ransom payments and amnesty for terrorists. Read the details.

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.

Senate Debates Single National Emergency Number Bill

The Nigerian Senate is considering a bill to create a single, toll-free emergency number. This unified system aims to replace scattered helplines, improving response times for police, fire, and medical services nationwide.

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.

ADC Set to Harvest 21 Senators, 86 Reps for 2027

The African Democratic Congress (ADC) is reportedly set to receive over 100 National Assembly members ahead of the 2027 polls, with defections hitting APC hardest. Read details of the political realignment.

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.

NCS Imposes Strict Penalties for Age Cheating

National Council on Sports approves sweeping reforms including heavy fines, suspensions for age cheating, new National Intermediate Games, and compulsory insurance for athletes.

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?

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.

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.

FG: Livestock Reforms Gains Coming Soon

Federal Government assures Nigerians that livestock sector partnerships will soon show visible results, aiming to grow the industry from $32B to $74B by 2035 through strategic reforms.

Court Orders Police Out of Nestoil Premises

Federal High Court directs Lagos Police to withdraw officers from Nestoil facilities in ongoing debt dispute with FBNQuest Merchant Bank. Latest ruling shifts case dynamics.

Japan PM Takaichi defends $135bn stimulus package

Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.

Nigeria at Risk of Debt Crisis, Experts Warn

Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.

Court awards N20.7bn against petroleum marketer

A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.

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