IMF Warns Nigeria Over Rising Debt Burden The International Monetary Fund (IMF) has declined to endorse a preference for either external or domestic borrowing for Nigeria, stressing that the country’s rising debt profile requires a stronger focus on sustainability and repayment capacity. Speaking at a media...

FG, Gencos Bicker Over Electricity Debt Reconciliation The Federal Government and power generation companies have disagreed over the reconciliation of debts in Nigeria’s electricity market, with both sides offering differing accounts of the actual liabilities owed to the GenCos. The Minister of Power, Adebayo Adelabu, said...

Nigeria spent ₦27.2tn servicing public debt between 2024 and 2025, exceeding capital expenditure by ₦3.9tn, according to a media brief from the Federal Ministry of Finance.

GenCos Reject Presidency's N2.8trn Debt Deal   The Association of Power Generation Companies (GenCos) has firmly rejected claims by Presidency sources that N2.8tn constitutes a newly verified and final settlement of legacy debts owed to electricity generation companies, describing the assertion as inaccurate and misleading. In a...

Banks, Telcos Settle N300bn USSD Debt Dispute After 4 Years   Banks and telecommunications operators in Nigeria have ended a four-year dispute over nearly N300bn owed for Unstructured Supplementary Service Data services, with the debt now fully cleared, the Association of Licensed Telecommunications Operators of Nigeria...

AMCON Clears N3.6trn Debt to CBN, Targets N215bn Recovery for 2025   The Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, recovered N156bn from debtors in 2024 while targeting a recovery of N215bn before...