Nigerian newspapers review: 22 firms on NGX face debt exposure of N21.3trn
In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with about 22 companies listed on the Nigerian Exchange Limited (NGX) carrying varying levels of debt, totalling N21.3 trillion in the second quarter of 2026, as they seek to finance their operations and generate profits.
Another headline features the Nigeria Labour Congress (NLC) and civil servants, under the Joint National Public Service Negotiating Council (JNPSNC) Trade Union Side, demanding a new minimum wage of N500,000 and reduction of petrol price to N500 per litre to address the worsening economic hardship facing workers and their dependents.
Vanguard also reports that the Minister of the Federal Capital Territory(FCT), Nyesom Wike, declared he will never support Imo State Governor Hope Uzodinma for President of the Senate in 2027, accusing the governor of using his position to advance his personal political ambitions.
Moving to another newspaper, The Guardian leads with the opposition flaying President Bola Tinubu’s absence from the United Nations General Assembly (UNGA) as world leaders gather to tackle global crises.
The Punch leads with FCT Minister Nyesom Wike dismissing concerns by some governors of the All Progressives Congress that the proposed Rainbow Coalition could undermine the ruling party ahead of the 2027 elections.
Lastly, The Nation reports that President Tinubu’s absence from the 81st UNGA which begins Tuesday, September 22, in New York, will not constitute a diplomatic setback for Nigeria, according to the Presidency and Minister of Information and National Orientation Mohammed Idris.
Vanguard News
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