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.
Category : Search result: Federal Government debt
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.
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.
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.
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.
G20 South Africa Declaration: Minerals, Debt, Climate
The G20 summit in South Africa endorsed a declaration focusing on critical minerals, climate finance, and debt relief for developing nations. Discover the key outcomes.
41 Unity Colleges Closed Over Student Abduction Threats
Federal Government orders immediate closure of 41 Federal Unity Colleges nationwide following recent student abductions in Kebbi and Niger States. Stay informed about education security measures.
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.
Lady's N16k Loan Becomes N365k Debt from Loan App
A Nigerian woman's N16,000 loan from a mobile app escalated to N365,000 repayment demand. Discover the shocking details and public reactions to this predatory lending case.
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.
IPMAN Warns of Fuel Crisis Over NMDPRA Debt Delays
IPMAN alerts Nigeria of potential fuel disruption as NMDPRA delays debt payments for over 3 years. Association seeks FG intervention while praising NNPC settlement.
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.
ASUU Threatens Nationwide University Shutdown
ASUU warns of a total university shutdown if the Federal Government fails to meet its demands on welfare and funding within a one-month ultimatum. Read the full details.
ASUU rejects FG's proposed salary increment
ASUU's Benin Zone rejects Federal Government's proposed salary increase, calling it insufficient to reverse brain drain in Nigerian universities. Read the full details.
Akume: NCDC to Bridge North-Central Development Gaps
SGF George Akume urges North-Central leaders to support new development commission addressing regional disparities. Federal Government initiative aims to boost cohesion and welfare.
South Africa Hosts G20 Summit as US Boycotts Event
South Africa hosts crucial G20 summit focusing on debt relief for developing nations as US President Trump boycotts. Key discussions on climate financing and global inequality.
KASU Don Tasks NIESV Kaduna on New Tax Laws
Dr. Isuwa Dauda of KASU has urged Kaduna estate surveyors to embrace Federal Government's 2025 Tax Reform Act for client and government benefits during Ishaq Ayodeji Bello's investiture.
Northern States Must Secure Critical Infrastructure
PEMP convener Nuhu Abdullahi urges Northern governments to bolster security for multi-billion naira infrastructure projects. Learn how cooperation can ensure regional development.
Reps Probe Abandoned Federal Government Properties
Speaker Tajudeen Abbas inaugurates committee to investigate abandoned federal assets nationwide. The 10th House vows to end era of wasting public wealth and ensure proper utilization.
Chinese Property Executive Detained in Indonesia Over $138M Debt
Indonesian authorities detain Chinese property executive WZ wanted for $138 million loan default. The fugitive had been moving through Asian nations since August. Read full details.
YEIDEP 2025 Portal Reopens with N500,000 Grants
Federal Government reopens YEIDEP 2025 application portal offering youth business grants from N50,000 to N500,000. Learn eligibility and application steps.
500 CNG Stations Coming for N380 Fuel in Nigeria
Federal Government plans 500 CNG refuelling stations nationwide to provide cheaper fuel at N380 per litre. Learn how this initiative will transform Nigeria's energy landscape.
ASUU Gives FG Final Warning Before Nationwide Strike
Nigerian universities face fresh shutdown as ASUU threatens strike over unmet demands. Union criticizes government's slow negotiation pace and poor funding of state universities.
Workers Reject FG's Health Insurance Salary Cuts
Federal workers protest unexplained NHIS deductions from October salaries. NLC condemns government's failure to notify and dialogue before implementing mandatory health insurance contributions.
244,000 Sokoto Residents Get Federal Financial Aid
Over 244,000 residents across Sokoto State's 244 wards will benefit from Federal Government's cash intervention program starting January. Governor Aliyu confirms equitable distribution.
FG suspends NIHOTOUR activities, reviews tourism rules
Federal Government halts NIHOTOUR enforcement nationwide pending regulatory review. Minister Hannatu Musawa acts on industry complaints about heavy-handed operations. Full details on the tourism sector shake-up.
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