Tag: debt
JEDC introduces flexible debt repayment plan for customers
Jos, March 9, 2026 (NAN) The Jos Electricity Distribution Company (JEDC) PLC, has introduced a flexible debt repayment plan aimed at helping customers clear...
Ogun remains prudent in management of its debt – Commissioner
Abeokuta, Feb. 17, 2026(NAN) The Ogun Government says it has maintained prudence in managing its debt profile, stressing that all borrowings remain within the...
Local contractors resume protest over N4trn unpaid debt
Abuja, Jan.19, 2026 (NAN) The All Indigenous Contractors Association of Nigeria (AICAN) on Monday resumed its protest in Abuja over an alleged N4 trillion...
NB Plc to settle FX, local debts with N599bn Rights Issue
Nigerian Breweries Plc says it is raising N599.1 billion through rights issues on the Nigerian Exchange Ltd. (NGX) to eliminate overdue foreign exchange (FX)...
I owe late Ubah eternal debt of gratitude – Omo-Agege
The immediate past Deputy Senate President, Ovie Omo-Agege, has said he owed the late Sen. Ifeanyi Ubah an eternal debt of gratitude for his...
N248m Debt: KEDCO cuts power supply to Dangote Varsity
The Kano Electricity Distribution Company (KEDCO) has disconnected power supply to Aliko Dangote University, Wudil, over outstanding debt of N248 million.
The Managing Director, KEDCO,...
Ways and means securitisation responsible for N24trn debt rise – DMO
The Debt Management Office, says the rise in Nigeria’s public debt stock from N97.34 trillion in December, 2023 to N121.67 trillion in March is...
Court blocks Oyo State Govt.’s accounts in four banks over N3.4bn...
A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government...
I’ll review Nigeria’s external debt, says ADC presidential candidate
The Presidential candidate of the African Democratic Congress (ADC), Mr Dumebi Kachikwu, says he will Nigeria’s external debt if elected.
Kachikwu who stated this during...
DMO set to demonstrate portal for FGN securities subscription
The Debt Management Office (DMO), is set to unveil its Federal Government of Nigeria (FGN) securities subscription portal to stakeholders in Lagos.
The Director-General (D-G)...
FG reopens 4 bonds valued at N360bn for auction
The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for...
N333m debt: Court freezes all Benue State Government Bank Accounts
A Federal High Court, Abuja has made an interim order, freezing all bank accounts of Benue State Government maintained in some banks in the...
Buhari govt crippling Nigeria, debt now N33trn from N12trn in 2015...
Former Central Bank of Nigeria (CBN) Deputy Governor, Kingsley Moghalu has expressed concern at the rate Nigeria’s public debt increased in the last six...
Default Loans: CBN authorizes settlement using funds in other banks
Banks in the country will be able to debit the accounts of loan holders in other banks to settle defaults, effective August 1, according...
UK ‘maps out’ further recovery plans
British finance minister Rishi Sunak will announce on Wednesday his next moves to prevent a wave of job cuts from snowballing into a full-blown...
World Bank doubts Nigeria’s ability to sustain public debt
The World Bank has raised doubts over the sustainability of Nigeria’s public debt.
Nigeria’s total public debt, which stood at N21.73tn as of December 31,...
Africa Debt and Capital markets summit to hold during IMF World...
The 5th Africa Debt and Capital Markets (ADCM) Summit will take place for the first time in Washington D.C. during the IMF and World...
