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Nigeria’s debt to the World Bank’s International Development Association (IDA) has reached $17.1 billion since September 30, 2024. Naija News reports that the World Bank’s most...
The Nigerian National Petroleum Company Limited (NNPCL) has begun the process of addressing its outstanding debt to the tune of $6 billion. The Nigerian government confirmed...
Guaranty Trust Bank (GTB) has taken legal action against 60 high-ranking executives from 13 commercial banks, including chairmen, CEOs, directors, and company secretaries. This action comes...
Abia State Governor Alex Otti, during a recent conversation with reporters, revealed that his administration was burdened with a staggering debt of N192.2bn left behind by...
The Ibadan Electricity Distribution Company (IBEDC) has restored the power supply to the University College Hospital (UCH) in Ibadan three weeks after disconnecting the medical facility....
Former Kaduna Central Senator, Shehu Sani has called on the Kaduna State government to initiate a thorough investigation into the administration of ex-governor Nasir El-Rufai, particularly...
The Kaduna Electricity Distribution Company’s board was dissolved by the Nigerian Electricity Regulatory Commission (NERC) on Monday following the Disco’s failure to settle a N110 billion...
A new World Bank report has revealed that Nigeria and other low and middle-income countries paid a record $443.5 billion to service their external public and...
The Nigeria Football Federation (NFF) has admitted that the football body is owing footballers and coaches bonuses and salaries. The head coach of the men’s senior...
Nigerian lawmaker, Smart Adeyemi, has urged developed nations who have served as Nigeria’s benefactors over the years to forgive loan debts owed them, stating that the...
Financial reports have revealed that Nigeria is now in the fourth position on the list of World Bank‘s top debtors. According to the newly released World...
The Federal Government has said that the debt servicing will cost N10.43tn by 2025, with economists saying that the rising cost of debt service can trigger...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has sent a stern warning to International Oil Companies (IOCs) in the country over outstanding debts. Naija News understands...
The International Monetary Fund (IMF) has said inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies to the brink. The Managing...
Nigeria’s commercial debt has risen by 31 per cent from $11.17bn to $14.67bn. This was contained in data reported by the Debt Management Office. The financial...
Nigeria’s debt stock is expected to increase by a total sum of N720 billion in the second quarter of the year 2022. This revelation is contained...
Nigeria’s most populous state, Lagos has led its counterparts to amass a debt of N6.43tn at the end of the year 2022. Lagos is owning N658.96bn...
The Nigerian National Petroleum Company Limited, NNPC headquarters and refineries under its control reported a deficit of N123.64bn within the space of nine months. As contained...
While Nigerians are at a loss as to how debts accumulated by the federal government rose to N26.91trn from the N9.8trn it was in 2015, they...
The Federal Government has condemned the reports classifying Nigeria as a high debt risk nation. Naija News reports that this was contained in a statement by...