•Tinubu and World Bank logo The World Bank has warned that Nigeria and other Sub-Saharan African countries must initiate export diversification and fiscal reforms to address their rising debt challenges. This was contained in its just-released International Debt Report 2025. The report, which highlights Sub-Saharan Africa as an outlier where d...
•Tinubu and ADC logo The African Democratic Congress (ADC) has condemned the federal government’s fresh N1.15 trillion in domestic borrowing, accusing President Bola Ahmed Tinubu of policy inconsistency and fiscal recklessness. In a statement signed by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC noted that despit...
•Tinubu and IMF logo Nigeria walked a fine line between applause and anxiety at the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank, as the country’s reform momentum drew commendation from global financiers, while fiscal, debt, and oil-sector concerns triggered calls for vigilance and deeper discipline. The IMF, in...
•Peter Obi and Tinubu Politician and former Labour Party presidential candidate, Peter Obi, has expressed deep concern over Nigeria’s rapidly escalating debt profile. In a statement on his X handle, Obi warned that the country’s fiscal trajectory could compromise future generations and worsen living conditions for millions of citizens. His war...
•Blackout Power generation companies have said that their long-time patriotism to the nation can no longer keep the power plants running, especially in the face of a fresh N1.2tn debt incurred in the first half of 2025, which increased the total debt to Gencos at N5.2 trillion. This was as the Minister of Power, Adebayo […]
Despite the Bola Ahmed Tinubu administration’s claims that the removal of fuel subsidy has saved Nigeria an estimated $7.5 billion yearly, the federal government is now seeking approval from the National Assembly to borrow an additional $24 billion — a move that will push the nation’s total debt stock to a staggering N182 trillion, up [&hellip...
•Blackout Despite promises made by President Bola Tinubu’s administration, Nigeria’s power sector is facing an escalating financial crisis, with generation companies (GenCos) warning of potential shutdowns. This comes as GenCos, in a new letter to the Financial Reporting Council of Nigeria (FRCN), disclosed the possibility of tariff increase f...
•Oil exploration in Nigeria The House of Representatives says it has secured the commitment of seven oil companies to settle a sum of $37.4 million owed to the Federation Account before August 2025. In a statement yesterday, Reps spokesman Akin Rotimi said the companies made the pledge amid the ongoing investigation by the Public Accounts [&he...
The federal government through Nigerian ComÂmunications ComÂmission (NCC) has approved the disconÂnection of Exchange TeleÂcommunications Ltd from the MTN Nigeria network due to nonpayment of interÂconnect charges. The commission anÂnounced this in a public notice signed by Mr Reuben Muoka, NCC’s Public Affairs Director, yesterday. Exchange Te...
•Banks The Central Bank of Nigeria and the Nigerian Communications Commission have issued a final directive to Deposit Money Banks and Mobile Network Operators to resolve the protracted N250bn Unstructured Supplementary Service Data debt dispute. CBN and NCC are both regulatory agencies of the federal government, reports The PUNCH. The directi...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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