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Nigerian retailers, wholesalers may not escape poverty – World Bank economists
Finance

Nigeria remains top IDA borrower despite W’Bank loan exposure decline

Nigeria retained its position as the International Development Association’s third-largest borrower in the first quarter of 2026 despite recording a slight decline in its exposure to the World Bank’s concessional lending arm. Data from the IDA’s latest March 2026 financial statements showed that Nigeria’s exposure fell to $18.5 billion as of March 31, 2026, from […]

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Nigeria’s public debt hits ₦159trn amid rising concerns

Nigeria’s total public debt rose to N159.28 trillion, equivalent to 110.97 billion dollars, as of December 2025, according to the latest data released by the Debt Management Office. A breakdown of the figures shows that domestic debt accounted for N84.85 trillion, representing 59.11 billion dollars, while external debt stood at N74.43 trillion, equivalent to 51.86 […]

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Nigeria’s public debt hits ₦153.29tn amid rate cut

Economic watchers have said that Nigeria’s improving macroeconomic indicators, including a cautious 50-basis-point rate cut by the Central Bank of Nigeria, easing inflation, exchange rate stability, stronger external reserves, and sustained GDP expansion, are being overshadowed by a steadily rising public debt profile. According to the Debt Management Office, Nigeria’s total public debt rose to […]

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Nigeria’s debt to hit N77tn, loan servicing N5.2tn

Nigeria’s public debt load could reach N77 trillion if the National Assembly approves the President’s, Major General Muhammadu Buhari (retd.), request to restructure the Ways and Means Advances. According to The PUNCH, the Central Bank of Nigeria uses a borrowing instrument called Thee Ways and Means Advances to pay for budgetary gaps in the government. […]

Debt
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Nigeria’s debt hits N42.84tn in Q2 – NBS

Nigeria’s public debt stock increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021 to N42.84 trillion (103.31 billion dollars) in the corresponding period in 2022. Public debt stock includes external and domestic debts. The National Bureau of Statistics made the declaration in its Nigerian Domestic and Foreign Debt Report for Q2 […]

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