Category : Search result: debt relief


NRS: Food, Transport Not Taxed in New 2026 Laws

NRS Chairman Dr Zacch Adedeji assures Nigerians that essential items like food and transport are exempt from transactional taxes under the new 2026 regime, aiming to tax prosperity, not poverty. Read details.

N200bn Private Debt Fund Launched for Nigerian SMEs

ARM Investment Managers unveils a N200 billion private credit fund to provide long-term financing for scalable SMEs in Nigeria, addressing a critical gap in the economy. Discover how this initiative aims to boost job creation and economic growth.

New Tax Act Faces Hurdles, Says Business Leader

Dele Oye identifies key flaws in Nigeria Tax Act 2025, including a low rent relief cap and restrictive forex deductions, warning of implementation challenges. Read the full analysis.

Outrage Over NNPC Debt Write-Off by President

President's decision to write off $1.42bn and N5.57tn NNPC debt faces legal scrutiny. Nigerians urged to demand accountability and reversal from National Assembly. #Nigeria #NNPC

APC Threatens New Corruption Claims Against Oyo PDP

Oyo APC threatens to expose fresh mismanagement allegations against Governor Seyi Makinde's administration over N50bn Ibadan explosion relief fund and federal allocations. Read the full details.

Ikeja Council Shares Rice to Ease Festive Burden

Ikeja Local Council Vice Chairman Abisola Omisore distributed rice to over 200 vulnerable residents to ease festive burdens. The initiative aims to strengthen community support and public confidence in grassroots governance.

N720bn Contractor Debt Scandal Indicts Nigerian Government

The Federal Government's N720 billion debt to local contractors is a moral failure, crippling businesses and halting projects. This editorial demands urgent action and transparency to fix Nigeria's broken contract system.

NNPC Debt Waiver: Only Penalties Forgiven

Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.

NNPCL Cancels N4.01 Trillion Subsidy Debt

The Nigerian National Petroleum Company Limited has cleared N4.01 trillion in subsidy arrears owed by the FG after FAAC reconciliation. Discover the details and implications for Nigeria's economy.

Stepbrother Shot Dead Over N4,000 Debt in Ogun

Ogun State Police arrest Lekan Lasisi for allegedly shooting his stepbrother dead during a dispute over a N4,000 debt in Abule Tuntun. The suspect claims the gun discharged accidentally.

FCMB Asset Management Gets N20bn Fund Approval

FCMB Asset Management has received SEC approval for a N20 billion Series II private debt fund. The fund targets SDG-aligned sectors like agriculture and clean energy, with issuance opening in January 2026. Read more.

Debt Servicing Cripples Africa's Development - Moghalu

Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.

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