The Federal Government has intensified high-level discussions with a major Chinese conglomerate as part of efforts to attract up to $5.7 billion in long-term capital into...
Foreign loan repayments by Nigeria’s 36 states increased sharply in 2025 with total deductions from Federation Accounts Allocation Committee (FAAC) inflows rising to N455.38 billion, according...
The World Bank has revised downward the size of a planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million, according to...
The Debt Management Office (DMO) has reiterated that government borrowing in Nigeria should strictly be channelled towards development projects and not consumption. In a statement issued...
Nigeria’s total public debt stock rose to ₦149.39 trillion as of March 31, 2025, representing a year-on-year increase of ₦27.72 trillion or 22.8 percent when compared...
The Federal Government has secured a $25.35 million concessionary loan from the Kuwait Fund for Arab Economic Development as part of a $62.8 million financing package...
The Nigerian Senate has approved President Bola Tinubu’s request for a $21 billion external loan intended to finance critical infrastructure projects and settle outstanding pension liabilities...
Nigeria spent $1.8 billion on external debt servicing in the fourth quarter of 2024, according to the latest data from the Debt Management Office (DMO). The...
The World Bank has approved $632 million in new loans for Nigeria to support education and nutrition initiatives, bringing total disbursements to the country under the...
Nigeria’s debt profile continues its upward trajectory with total debt stock rising to N134.30 trillion by the end of the first half of 2024, according to...