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Tag: Debt

Aviation

Airline delays, disruptions caused by unpaid debts – Marketers

Fuel marketers have blamed the recent flight disruptions that left passengers stranded, particularly in Abuja, on unpaid debts owed to them by airline operators, even as the operators lament the rising cost of Jet A1 aviation fuel. Passengers who bought Air Peace tickets last Friday spent the night at the Abuja airport following flight cancellations […]

Finance

Nigeria’s public debt rose to ₦166.79trn in June — DMO

Nigeria’s total public debt stock rose to N166.79 trillion as of June 30, 2026, up from N159.35 trillion recorded as of March 31, 2026, with domestic debt accounting for N91.59 trillion, or 54.91 per cent of the total debt portfolio. The latest figures released by the Debt Management Office put Nigeria’s total public debt at […]

featured Finance

I never owed debts, borrowed as Anambra gov, Obi insists

The presidential candidate of the Nigeria Democratic Congress, Peter Obi, has again denied claims that he took out loans or issued bonds on behalf of Anambra State during his time as governor. Obi made the clarification while featuring on Arise Television’s Prime Time programme on Thursday, responding to accusations from the Anambra State Government that […]

Finance

Anambra govt, Obi clash over inherited debt records

The Anambra State Government has challenged former Governor Peter Obi’s claim that he left more than N2.13 billion in an ecological fund account before leaving office in 2014, saying the First Bank account he identified was not an ecological fund account and had never contained the amount he cited. The state Commissioner for Information and […]

Economy

Fitch warns Nigeria’s $5bn swap deal carries major debt risks

Fitch Ratings has warned that Nigeria’s proposed $5 billion Total Return Swap could expose the country to significant debt management, liquidity and future debt restructuring risks. The warning was contained in Fitch’s latest special report, titled “Sovereign Total Return Swaps and Repo Transactions: Q&A 2026”. The rating agency said that while TRS transactions could give […]

Oil and Gas

Auditor-General uncovers ₦432bn debt owed to NMDPRA by marketers

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is facing renewed scrutiny after the Office of the Auditor-General for the Federation uncovered more than N432 billion in unpaid debts, statutory levies and other outstanding obligations linked to petroleum marketers. The bulk of the liabilities, amounting to N431.01 billion, consisted of legacy National Transport Average and […]

Policy and Regulations

NISO threatens sanctions over DisCos’ unpaid market debts

The Nigerian Independent System Operator has threatened to sanction some electricity distribution companies after rejecting payment proposals submitted by the DisCos for settling their outstanding obligations to the Nigerian Electricity Market and service providers. NISO said the proposals were considered unacceptable, particularly given the magnitude and age of the outstanding debts, following a four-day public […]

Business

Geregu Power assures stakeholders amid debt concerns

Geregu Power Plc has moved to reassure shareholders, investors, regulators and other stakeholders over concerns surrounding its bond repayment obligations, saying it is reviewing its financial commitments and remains committed to resolving outstanding challenges. The company’s clarification followed recent online publications raising concerns about its ability to meet its bond repayment obligations. Vanguard reported that […]

featured Finance

Taraba owes ₦85.51bn not ₦1.2tn, commissioner cites official DMO figures

The Taraba State Commissioner for Budget and Economic Planning, Sarah Adi, has dismissed claims that the state currently carries a debt burden of about ₦1.2tn, saying the figure does not reflect the state’s debt stock contained in the latest publicly available records of the Debt Management Office. Adi made the clarification during a fiscal briefing […]

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