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.
Category : Search result: Lagos debt
Man arrested for dumping refuse on Lagos road
Lagos State Task Force arrests Makinde Rasaq for indiscriminate waste disposal. Commissioner Tokunbo Wahab warns of zero tolerance for environmental infractions. 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.
Lagos, NIOB Partner on Physical Planning and Development
Lagos State Government commits to collaboration with NIOB to enforce building standards, ensure safety, and promote sustainable urban growth. Learn about the new regulatory push.
Sanwo-Olu: Collaboration Key to Bridging Lagos Housing Deficit
Governor Babajide Sanwo-Olu says strong government-private sector collaboration is critical for affordable housing in Lagos. Learn about the state's strategy.
New Lagos Bill: Jail, Fine for Abusive Landlords
Lagos State's new Tenancy Bill proposes severe penalties, including N1m fines and jail, for landlords who harass tenants or evict without court orders. Read the full details.
5 Arrested in Lagos for Staged Kidnapping, Extortion Plot
Lagos police have arrested five suspects for orchestrating a fake kidnapping to extort N1.7m from a victim's mother. The staged video caused public panic. Read details of the police investigation.
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.
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.
Agbero Flees With Woman's Bottle of Fanta in Lagos
A Lagos woman was left distressed after a tout, known as an 'agbero', snatched her bottle of Fanta and fled. The incident, captured on video, has ignited discussions on public safety. Read the full story.
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.
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.
Sanwo-Olu Backs Food Entrepreneurs for Lagos Food Security
Governor Babajide Sanwo-Olu commits to empowering food innovators at the 2025 Lagos Food Festival. Read how the state is strengthening its food value chain and celebrating culinary diversity.
Smirnoff Ice Fuels 5 Major Lagos Raves in Weekend Takeover
Lagos experienced a cultural takeover as Smirnoff Ice powered five distinct raves across the city from Monochroma to Bioskey's Playhouse, uniting scenes with music, flavour, and energy. Discover how the brand became the weekend's heartbeat.
LSSTF Boss Urges Innovation to Tackle Lagos Security
Lagos State Security Trust Fund's new CEO, Dr. Ayo Ogunsan, outlines a modern, collaborative strategy for tackling security challenges, including public donations and a major town hall meeting on December 11.
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.
Worker stabs supervisor over N10,000 debt in Rivers
A 35-year-old construction worker, Joshua, is in police custody after allegedly stabbing his supervisor into a coma over a N10,000 payment dispute in Ikwerre LGA. The victim is hospitalized, calling for justice.
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.
Nigeria starts N185bn gas legacy debt repayment
The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.
Lagos MSME Trade Fair Aims to Strengthen Grassroots Economy
Lagos State announces a week-long MSME trade fair to empower small businesses, foster economic inclusion, and create jobs. Event runs from December 8-14 at Surulere National Stadium.
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.
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.
Expanded Santa Grotto Returns to Upbeat Fest in Lagos
Upbeat Recreation Centre announces an expanded Santa Grotto for Upbeat Fest 2025 in Lagos, running Dec 13 to Jan 4. Enjoy storytelling, gifts & family fun. #LagosEvents
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.
8 Events to Enjoy Before Detty December Peaks
Don't wait for the main rush! Discover 8 exciting Lagos events from beach parties to cultural festivals happening in early December 2025 to launch your year-end celebrations.
New 24-Hour Health Hotline Launches for Lagos Detty December
Lagos launches 07000HEALTH, a 24-hour medical hotline & website to provide seamless healthcare for residents and visitors during the busy Detty December festivities. Get instant access to doctors, pharmacy deliveries & more.
Man's Lagos Apartment Rental Video Sparks Reactions Online
A young Nigerian man goes viral on TikTok after showing off a neat apartment he rented in Lagos. He claims the price 'no reach millions,' sparking disbelief and massive reactions. Watch the video!
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.
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