FG seeks fresh $1.5bn World Bank loan as debt hits ₦166.79tn
The Federal Government has begun talks with the World Bank on three new loans totalling $1.5bn, at a time when Nigeria’s public…
Finance
Nigeria’s public debt rose to ₦166.79trn in June — DMO
Nigeria’s total public debt stock rose to N166.79 trillion as of June 30, 2026, up from N159.35 trillion recorded as of March…
Nigeria spent $870.73m servicing external debt in Q2 2026 — DMO
Nigeria spent $870.73 million servicing its external debt in the second quarter of 2026, with interest payments making up more than half…
NFEM turnover falls to $2.25bn as CBN cuts interest rate to 23%
Turnover on the Nigerian Foreign Exchange Market declined by 17.7 per cent week-on-week to $2.25 billion in the week ended September 25,…
States’ IGR hit ₦5.15trn in 2025, Lagos leads
Internally Generated Revenue for Nigeria’s 36 states and the Federal Capital Territory climbed by 40.93 per cent year-on-year to N5.15 trillion in…
Oyedele calls for cheaper, long-term financing for Africa’s development
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has advocated a fundamental change in how the world…
I never owed debts, borrowed as Anambra gov, Obi insists
The presidential candidate of the Nigeria Democratic Congress, Peter Obi, has again denied claims that he took out loans or issued bonds…
Naira trades at ₦1,329.80/$ in official FX market
The naira recorded different values against the United States dollar across Nigeria’s official Foreign Exchange Market and the parallel market on Tuesday,…
FG begins paying ₦1.1bn exit benefits to 175 retirees
The Federal Government has begun disbursing Additional Exit Benefits to retirees of Treasury-funded Ministries, Departments and Agencies with about N1.1 billion already…
Naira holds near ₦1,330/$ in early Monday trading
The naira opened the new trading week at differing rates against the United States dollar across the official foreign exchange market and…
Nigeria’s current account surplus jumps 67.9% to $7.54bn
Nigeria’s current account surplus climbed by 67.9 per cent to $7.54 billion in the second quarter of 2026, up from $4.49 billion…
Naira weakens as official, parallel dollar market gap widen
The naira depreciated further against the United States dollar on Friday, September 18, 2026, with losses recorded in both the official and…