Army neutralises 3 terrorists, recovers weapons in Zamfara
Nigerian troops have eliminated three terrorists and recovered weapons in Zamfara State during Operation Forest Sanity IV. Read the full report on the latest military success.
Category : Search result: debt recovery
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.
Major Arms Cache Recovered in Kogi, Says Gov Ododo
Kogi Governor Usman Ododo credits President Tinubu's security reforms for a major arms recovery in Lokoja. The haul includes dozens of rifles and hundreds of ammunition rounds. Read more.
Ododo Recovers Arms Cache, Vows Anti-Terror War
Kogi Governor Ahmed Ododo announces recovery of major arms cache in joint security operation. He vows total war on terror following meeting with President Tinubu. Read details.
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.
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.
How Foreign Countries Aid Nigeria's $400B Political Loot
Academic research reveals Nigerian officials stole over $400B, with funds held in wealthy nations. Explore the slow recovery process and key cases like Abacha. #Nigeria #Corruption
SIAO Partners: Navigating Nigeria's Business Challenges
Discover how SIAO Partners, led by Abiodun Ariyibi, provides expert audit, tax, and advisory services to help Nigerian businesses achieve sustainable growth despite regulatory and economic hurdles.
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.
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.
Kwara Police Arrest 5 Suspected Bandits, Recover Ammunition
Kwara State Police Command arrests five suspected bandits, rescues a kidnapped woman, and recovers 100 rounds of AK-47 ammunition in major security operations. Read details.
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.
Lady Recovers N26k Sent to Wrong Opay Account
A Nigerian woman, Akinwade Maj Royal, mistakenly transferred N26,000 to a stranger's Opay account. After a desperate plea, the receiver, Bãbã ÆLī Mãllõwãñ, surprisingly refunded the money. Read the full story of this heartwarming act of honesty.
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.
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.
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.
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.
Woman finds N23.6m gold buried during Boko Haram attack
A Borno woman recovers gold worth N23.6 million she buried while fleeing a Boko Haram attack 15 years ago. Police praised for their integrity in the recovery operation.
Malami Faults EFCC Over Abacha Loot Recovery Allegations
Ex-AGF Abubakar Malami dismisses EFCC's claims of duplicating $322.5m Abacha loot recovery as 'baseless'. He details cost-saving efforts and labels the probe a political witch-hunt. Read the full story.
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.
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