Wike revokes 1,095 Abuja properties over rent defaults
FCT Minister Nyesom Wike cancels 1,095 properties including those of Danjuma, Patience Jonathan, CBN over ground rent debts. Owners failed 14-day ultimatum ending November 25, 2025.
Category : Search result: loan default
$460m Abuja CCTV Project Failure Under Investigation
House of Representatives launches forensic investigation into failed $460 million CCTV project as Abuja faces worsening insecurity. Committee demands accountability.
Wike revokes 1,095 Abuja property titles
FCT Minister Nyesom Wike has enforced the revocation of 1,095 property titles in Abuja's key districts after owners failed to pay outstanding land charges. Discover the full details and implications.
AfDB approves $500m loan for Nigeria's budget
African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.
AfDB Approves $500m Loan for Nigeria Energy Reforms
African Development Bank approves $500 million loan to support Nigeria's energy sector reforms and climate action. Learn how this funding will transform Nigeria's power sector.
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.
Abia Unseals Benjamin Kalu's Property, Explains Action
Abia State government unseals Renewed Hope Partners building in Umuahia, clarifies sealing was due to landlord's ground rent default since 1982, not political targeting.
Nigeria gets $500m AfDB loan for energy transition
Federal Government secures $500 million from African Development Bank to finance energy transition and economic governance reforms. Learn how this impacts Nigeria's development.
CBN Retains MPR at 27%, Delays Loan Rate Cuts
Nigeria's Central Bank maintains 27% interest rate to fight inflation. Businesses and borrowers face continued high loan costs as monetary tightening persists. Learn what this means for you.
5 Govt Loans & Grants for Nigerians Under Tinubu
Discover 5 government loan and grant schemes under Tinubu's administration helping Nigerians overcome economic hardship. Learn how to apply for NELFUND, CrediCorp, and more.
Oborevwori hails Navy's role in national stability
Delta State Governor Sheriff Oborevwori commended the Nigerian Navy for safeguarding maritime assets and oil infrastructure. The state also plans a ₦1bn BOI loan to boost industrialization.
Delta State Seeks ₦1bn BOI Loan for Industrial Growth
Delta State Government plans to secure ₦1 billion loan from Bank of Industry to accelerate industrialisation and technology-driven manufacturing. Learn how this initiative will transform the state's economy.
Lawyer: How to Stop Loan App Harassment in Nigeria
A Nigerian lawyer explains the illegal tactics used by loan sharks and reveals the government agency that can stop cyber-stalking. Learn your rights today!
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.
Man's N1.3m Loan App Credit Score Stirs Reactions
A Nigerian man's display of his over N1.3 million credit score on a loan app has generated mixed reactions online, with many warning it's a trap. Discover the full story.
FairMoney Launches ₦5M Loan for Nigerian Pros
FairMoney Microfinance Bank launches FlexiCredit, offering Nigerian professionals loans up to ₦5 million. Learn eligibility, interest rates, and how to apply.
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.
Delta Govt Seeks ₦1b BOI Loan for Industrialisation
Delta State government plans a ₦1 billion BOI loan to accelerate industrial growth and digital innovation. Learn how this partnership with MAN will reshape manufacturing.
Ukraine Pushes EU for $163B Russian Assets Loan
Ukraine urges EU to approve a $163-billion loan from frozen Russian assets at the December summit to avert a 2026 budget crisis. Russia threatens a 'painful response'.
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.
Tinubu: Reforms Secure Youth Future with Global Skills
President Tinubu reveals economic reforms aim to equip Nigerian youth with competitive skills. Education loans ensure no student drops out. 320 youths to receive international awards in Lagos.
Lagos APC Hails NELFUND's Vocational Training Loans
Lagos APC commends NELFUND for expanding student loans to vocational training, calling it a national game-changer for youth skills development and economic empowerment in Nigeria.
FCCPC Gives Loan Apps Until January 2026 to Comply
Nigeria's FCCPC sets January 5, 2026 deadline for digital lenders including FairMoney, Okash, Carbon to comply with new regulations. Full enforcement begins after deadline.
Senate okays N1.15trn loan for 2025 budget deficit
The Nigerian Senate has approved President Tinubu's request to borrow N1.15 trillion from the domestic debt market to fund the increased 2025 budget deficit. Read the full details and implications.
Lady Displays ₦214,000 Loan App Debt, Seeks Help
A Nigerian TikTok user shares her ₦214,000 debt struggle with loan apps, tracing financial woes back to 2020. Discover her story and similar experiences.
House Scrutinizes Tinubu's N1.15T Loan Request
Nigeria's House of Representatives launches thorough investigation into President Tinubu's massive N1.15 trillion loan request amid growing economic concerns and national debt worries.
FG Launches Interest-Free Loans for Varsity Staff
Nigerian tertiary institution staff can now access interest-free loans through new federal government initiative aimed at improving welfare and academic excellence.
National Assembly Scrutinizes Tinubu's ₦1.15T Loan Request
Nigerian lawmakers launch thorough investigation into President Tinubu's controversial ₦1.15 trillion loan proposal amid growing economic concerns and public scrutiny.
Senate Probes Rail Derailments Amid Loan Debt Concerns
Nigerian Senate investigates alarming rail derailments while controversial new loan agreements spark national debt concerns. Full details on the parliamentary inquiry.
Tinubu Seeks Senate Approval for ₦15.4 Trillion Loan
President Bola Tinubu has formally requested Senate approval for a ₦15.4 trillion loan facility to address critical infrastructure gaps and economic challenges. Get the full details on this major financial move.
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