Debt
FG Owes Power Companies N1tn in Six Months — NERC
The Federal Government’s debt to electricity generation companies has reached N1.05tn within the first half of 2025, according to the Nigerian Electricity Regulatory...
IMF Endorses Nigeria’s Cautious Borrowing Amidst Revenue Drive
The International Monetary Fund (IMF) has signalled its support for Nigeria’s strategic approach to addressing its immediate financial challenges through carefully managed borrowing....
Nigeria Faces Widening Fiscal Deficit as Debt Burden Looms, IMF Warns
The International Monetary Fund (IMF) has issued a stark warning about Nigeria’s economic trajectory, projecting a worsening fiscal deficit for Africa’s largest economy...
Nigeria Seeks N350 Billion in New Bond Auction to Tackle Budget Deficit
Following a substantial N1.94 trillion raised from bond investors in the first quarter of 2025, the Federal Government of Nigeria has announced its...
Nigeria’s Debt Service Projected to Surge to $5.2 Billion in 2025, Fitch Warns
Nigeria’s external debt service is projected to climb to a substantial $5.2 billion in 2025, signaling increased strain on the nation’s public finances,...
Nigeria Faces Imminent Blackout as GenCos Demand N4 Trillion Debt Settlement
Nigeria’s power sector is teetering on the brink of collapse as power generation companies (GenCos) warn of an imminent shutdown, citing an overwhelming...
Nigeria’s Power Grid Faces Imminent Shutdown as GenCos Demand N4 Trillion Debt Settlement
The Association of Power Generation Companies (APGC) has issued a stark warning: Nigeria’s power grid is teetering on the brink of collapse. The...
Nigeria Slashes Natural Gas Prices for Power Firms Amid Debt Crisis
In a bidaimed at alleviating the crippling debt burden faced by power generation companies (GenCos), the Nigerian Midstream and Downstream Petroleum Regulatory Authority...
Nigeria’s Power Grid Faces Collapse Amidst $400M Debt, Warns Elumelu
The stability of Nigeria’s electricity supply is under severe threat, with Tony Elumelu, Chairman of Transcorp Group, issuing a stark warning that the...