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FG begins ₦700bn debt clearance,...

The Federal Government has commenced the settlement...

Very kind, yet not nice,...

Very kind, yet not nice, by Osmund...

FG begins ₦700bn debt clearance, pays 1,240 contractors Nationwide

The Federal Government has commenced the settlement of over ₦700 billion in verified outstanding debts owed to local contractors, approving payments to 1,240 indigenous businesses across the country. The Ministry of Finance disclosed that more than ₦436 billion was disbursed in May 2026 alone as part of efforts to reduce long-standing liabilities and strengthen infrastructure development. Officials said contractors with verified claims of ₦100 million and below were given priority in the latest payment cycle to ease financial pressure on small and medium-scale enterprises executing government projects. READ ALSO: Federal Government arraigns Mike...
Abdullahi Mustapha Haruna -
Poet's corner

Words of Gama,...

Words of Gama, the poet "I tasted all that is sweet, but I found nothing sweeter than good health. And I tasted all that was bitter,...
Aisha Auyo -
Crime

Pastor in court...

Pastor in court for faking own death to avoid paying N3 million debt Police in Ondo State have arraigned Pastor Paul Oyewole before a Magistrate’s...
Gift Luckson -
Nation

Nigeria’s public debt...

Nigeria’s public debt stock increases to N44.06trn in Q3 2022 – NBS Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the...
Maryam Umar -
Finance

Debt to gulp...

Debt to gulp 100% of Nigeria’s revenue in 2023 - World Bank The World Bank has revealed that Nigeria’s revenue would not be sufficient to...
Gift Luckson -
Business & Economy

Fuel Subsidy: FGN...

Fuel Subsidy: FGN budgets N3.36 trillion as debt profile hits $102 billion The Federal Government of Nigeria (FGN) has allocated N3.36 trillion for fuel subsidy...
Maryam Umar -
Nation

PMB seeks debt...

President Muhammadu Buhari (PMB) has called for the cancellation of debt for poor, developing countries at the 77th session of the United Nations General...
Gift Luckson -
Business & Economy

NCAA orders local...

NCAA orders local airlines to repay N45 billion debt or face license suspension The Nigerian Civil Aviation Authority (NCAA) has ordered local Nigerian airlines to...
Maryam Umar -
Education

WAEC exempts Zamfara...

WAEC exempts Zamfara candidates over debt accumulation as Sokoto opts for NECO, NBTE The head of Nigeria’s office of the West African Examinations Council (WAEC), Patrick...
Gift Luckson -
Local

NGO secures release...

NGO secures release of 59 inmates in Kano prison after settling fines, debt Story from Saleh INUWA, Kano The Muhammadu Sanusi II Foundation, a Non-Governmental Organization...
Maryam Umar -
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