Tag: Debt

Thirty-one Nigerian states are saddled with a combined domestic debt of N2.57 trillion as of March 2025, with no foreign ...

On May 28, 2025, President Bola Tinubu’s request to the National Assembly for approval of a $24.14 billion foreign loan ...

The Niger Delta Power Holding Company (NDPHC) is facing significant operational challenges due to a N600 billion debt owed by ...

Nigeria’s electricity generation companies are pressing for an urgent audience with President Bola Tinubu to discuss the staggering N4.7 trillion ...

Nigeria’s debt servicing costs soared to N8.9 trillion in the first nine months of 2024, far exceeding the pro-rata budget ...

Nigeria’s external debt service is expected to rise to $5.2 billion in 2025, marking a growing fiscal burden despite ongoing ...

Nigeria’s total public debt has climbed to ₦144.67 trillion ($94.23 billion) as of December 31, 2024, marking a steep 48.58% ...

Nigeria has spent $817.4 million (approximately N1.26 trillion) on debt servicing in the first two months of 2025, according to ...

Financial experts have raised concerns over Nigeria’s growing debt burden, urging swift action to prevent further economic strain. This comes ...

The National Assembly on Thursday passed the 2025 Appropriation Bill, approving a record N54.99 trillion budget. The budget allocates N14.32 ...