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NNPC revenue surges 79% to N4.97tn in April

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NNPC revenue surges 79% to N4.97tn in April 2026

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NNPCL revenue jumps 79% to ₦4.97tn

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Tag: Borrowing

featured Finance

Why Tinubu continues borrowing — Umahi

The Minister of Works, Engr David Umahi, has said President Bola Tinubu is borrowing to fix Nigeria’s roads because infrastructure is the foundation for security, commerce and economic growth. Umahi spoke in Abuja during a visit by the Inspector General of Police, IGP Olatunji Disu, to the Ministry of Works. “When people say, ‘Why is […]

Finance

FG borrowed ₦2.69tn from bond market in Q1 2026 — DMO

The Federal Government borrowed N2.69tn from the domestic bond market in the first quarter of 2026, as strong investor demand continued to drive subscriptions above offer levels despite tighter allotments, an analysis of Debt Management Office auction results has shown. Data from the DMO for January, February, and March 2026 indicated that the total was […]

featured Finance

FG rules out borrowing from IMF’s $50bn Africa aid

The Federal Government on Thursday declared that it has no plan to approach the International Monetary Fund to borrow from the estimated $50bn, which the IMF had earlier announced on Wednesday that it plans to use to support struggling economies in Africa. The PUNCH reported that the Minister of Finance and Coordinating Minister for the […]

featured Finance

FG raises 2026 borrowing plan to ₦29.20trn

The Federal Government has increased its borrowing plan for 2026 to N29.20tn following an expansion in the proposed budget size, according to official documents obtained by The PUNCH on Sunday. The figure represents an increase of N11.31tn when compared with the earlier N17.89tn borrowing projection contained in the 2026 Abridged Budget Call Circular issued by […]

Finance

States plan N4.3tn borrowing to fund 2026 budgets

Ten Nigerian states are planning to raise about N4.287tn from loans, bonds, grants, capital receipts and public-private partnerships to finance capital projects contained in their 2026 budgets. The states, Lagos, Abia, Ogun, Enugu, Osun, Delta, Sokoto, Edo, Bayelsa and Gombe, collectively presented budgets totalling N14.174tn to their respective Houses of Assembly. An analysis of the […]

featured Finance

States must follow law in borrowing, DMO insists

The Debt Management Office has called on state governments to strictly adhere to the provisions of the Fiscal Responsibility Act and other applicable laws when undertaking borrowing activities. The Director General of the Debt Management Office, Ms Patience Oniha, gave the charge at a workshop on borrowing guidelines organised for officials of state governments in […]

featured Finance

FG borrows N4.72tr via treasury bills Q4 2025

The Central Bank of Nigeria has issued Treasury Bills to raise N4.72 trillion in the fourth quarter of 2025. According to BusinessDay, this action is part of the Federal Government’s borrowing plan for the 2025 budget. This figure represents a 168 percent quarter-on-quarter increase when compared to N1.76 trillion sold in Q3’25. The CBN disclosed […]

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Opinion

CITM cautions FG against new borrowing

The Chartered Institute of Treasury Management has cautioned the Federal Government against new borrowing, saying such could plunge the country into debilitating debt. Registrar of CITM, Mr Olumide Adedoyin gave the warning in a statement on Wednesday in Abuja against the backdrop of new borrowing and mounting debt by the federal government. According to him, […]

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