Nigeria spent more on debt servicing than it generated in revenue in the first quarter (Q1) of 2025, highlighting the growing fiscal pressure facing Africa’s largest...
Nigeria is exploring a $5 billion structured financing arrangement as it seeks to reduce borrowing costs and diversify funding sources amid tightening global financial conditions. The...
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...