Business

Insurance giant Allianz considers £5bn takeover of UK

  • 29th August 2026

NERC granted 194 licences, permits in 2025 –

  • 29th August 2026

Walmart settles lawsuit alleging role in US opioid

  • 28th August 2026

Sahara Power commences construction of 12MW power plant

  • 28th August 2026

Contact Info

Some Populer Post

Edo issues licences to CCETC Ogua for 100MW project

Electricity

Shettima departs Abuja for AU summit in Angola

Conferences featured

Moody’s upgrades Nigeria’s outlook to positive amid stronger reserves

Economy

NERC issued 194 licences, permits across power sector in

Electricity

Tag: Debt

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 […]

Finance

FG clears over ₦700bn contractor debts

The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months, including N436.6bn disbursed in May alone, as part of efforts to clear long-standing debts and stimulate economic activity. The PUNCH reported that the Federal Ministry of Finance disclosed this in a statement issued on Monday […]

Business

Top 10 FMCG firms incur ₦1.963trn debt in 2025

Analysis of the audited 2025 full-year financial statements of top ten Fast-Moving Consumer Goods companies in Nigeria has revealed that the firms incurred a combined debt burden of about N1.963 trillion, underscoring the mounting pressure facing operators in the consumer goods sector amid soaring inflation, rising interest rates and foreign exchange volatility. Vanguard reported that […]

Economy

IMF forecasts Nigeria’s debt ratio drop to 32.3% in 2026

The International Monetary Fund projects Nigeria’s debt-to-GDP ratio will decline to 32.3 per cent in 2026, from 35.5 per cent in 2025, before rising slightly to 33.1 per cent in 2027. The fund disclosed this in its Fiscal Monitor report released on Wednesday at the ongoing IMF/World Bank Spring Meetings in Washington, D.C., pointing to […]

Oil and Gas

Tinubu writes off $1.42bn, N5.57tn NNPCL debts

President Bola Tinubu has approved the cancellation of a large portion of the debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, wiping off about $1.42bn and N5.57tn following a reconciliation of records between both parties. The approval is contained in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission […]

CBN halts cash payment for travel allowance fees
News

Nigeria’s debt could hit N160.6tn by year-end, stockbrokers warn

Nigeria’s total public debt may surge to N160.6 trillion by the end of 2025, raising fresh concerns over the country’s fiscal sustainability, according to a new report by CSL Stockbrokers Limited. In its 2025 second-half economic outlook, the financial services firm—a subsidiary of FCMB Group Plc—projects that the Federal Government may be forced to borrow […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
News

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months

Nigeria’s debt crisis is worsening, with the Federal Government borrowing a staggering N10.85 trillion from domestic sources between January and April 2025, according to fresh data from the Debt Management Office. The surge in borrowing comes amid a 48.6% year-on-year spike in total public debt, which reached N144.66 trillion in 2024. Of this, the FG […]

News

Paris Club cancels 99% Somalia debt

The Paris Club of creditors has reached an agreement with the government of Somalia to cancel up to $2 billion of the country’s debt, approximately 99 % of which is owed by the country to the group. This was disclosed in a statement from the group yesterday where it stated it will forgive the country’s […]

NCC orders MTN to disconnect Globacom amid interconnect debt dispute
Telecommunications

NCC orders MTN to disconnect Globacom amid interconnect debt dispute

The Nigerian Communications Commission has authorized MTN to disconnect Globacom partially due to the former’s failure to pay interconnect debt. According to Nairametrics, Globacom subscribers will be unable to make calls to any MTN number as a result of the partial disconnection. Glo consumers, however, can receive inbound calls from MTN customers. The NCC made the announcement […]

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers urge FG to clear $7bn debt

The Manufacturers Association of Nigeria has requested the Federal Government to resolve the present $7 billion Forex backlog. The PUNCH reported that MAN has stated that 2024 may not be a good year for manufacturers and that the first six months of the year will be difficult for industry players. The association’s Director-General announced this in […]

Nigerian startups owe $415m 10-year debt – Report
featured News Tech

Nigerian startups owe $415m 10-year debt – Report

Briter Bridges, a research and market intelligence company which focuses on developing nations, has stated that approximately $415 million has been borrowed by Nigerian digital entrepreneurs over the past ten years. According to the report “Debt Financing in Africa’s Innovative Ecosystem,” between 2014 and 2023, African startups as a whole borrowed a total of $2.1 […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in