Business
Banks Clear 95% of USSD Debt as Nigeria Moves to End-User Billing
Banks clear 95% of ₦180bn USSD debt, allowing telecoms to implement end-user billing. Customers will now pay USSD charges via airtime
20 June 2025
Debt
Breaking News
FG Repays First N100 Billion Sovereign Sukuk
Nigeria repays its first N100 Billion Sovereign Sukuk issued in 2017 and launches a new N300bn Series VII Sukuk to fund road projects.
13 May 2025
Business
Nigeria Urges Ghana to Clear $75 Million Gas Debt
Nigeria urges Ghana to clear $75 million gas debt under the West African Gas Pipeline project, reinforcing regional energy cooperation.
10 May 2025
Breaking News
Tinubu to Meet Power Firms as Nigeria Faces N4trn Electricity Debt Crisis
President Tinubu to meet with Nigeria’s power-generating firms to resolve a critical N4tn debt threatening national electricity stability
5 May 2025
Politics
DMO Says President Tinubu Inherited N87.38trn Debt
Debt Management Office (DMO) states that President Tinubu inherited a total debt of N87.38 trillion, not N21 trillion
28 January 2025
Breaking News
NCC Directs Telcos to Disconnect USSD Codes of Nine Banks Over ₦200bn Debt
NCC orders telecom operators to suspend USSD codes for nine financial institutions over ₦200bn unpaid debts
15 January 2025
Breaking News
Nigeria’s Domestic Borrowing Exceeds Target Amid Economic Pressures
Nigeria’s Federal Government surpasses 2024 domestic borrowing target by N4 trillion, fueling inflation and economic risks.
16 December 2024
Business
Nigeria’s Eurobond Issue Oversubscribed by $9 Billion
Nigeria’s recent Eurobond issue achieved a $9 billion subscription, far exceeding the $1.7 billion target, signaling robust investor confidence and bolstering naira stability.
3 December 2024
Breaking News
House of Reps Set to Debate Tinubu’s $2.2m Loan Request
Nigeria’s House of Representatives is set to deliberate President Tinubu’s $2.2m loan request to fund the 2024 budget deficit
25 November 2024
Business
FG Raises Over ₦346 Billion From November 2024 Bond Auction
Nigeria’s Debt Management Office raised ₦346.155 billion in its November 2024 bond auction, reflecting high investor demand and increased marginal rates
22 November 2024
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