Debt Burden Crosses N152 Trillion as Domestic Borrowing Outpaces External Obligations
Nigeria’s total public debt stock breached the N152-trillion mark for the first time, reaching N152.39 trillion at the end of ...
Tag: Debt
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
Thirty-one Nigerian states are saddled with a combined domestic debt of N2.57 trillion as of March 2025, with no foreign ...
Nigeria’s Debt to Surge to N183 Trillion with Tinubu’s $24.14 Billion Borrowing Plan
On May 28, 2025, President Bola Tinubu’s request to the National Assembly for approval of a $24.14 billion foreign loan ...
NDPHC Grapples with N600bn Debt and 2,000MW Stranded Power Capacity
The Niger Delta Power Holding Company (NDPHC) is facing significant operational challenges due to a N600 billion debt owed by ...
Gencos Urge Quick Meeting With Tinubu Over Mounting N4.7tn Power Debt
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 Hits N8.9 Trillion in Nine Months – Afrinvest Report
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 Servicing Projected to Reach $5.2 Billion in 2025 – Fitch
Nigeria’s external debt service is expected to rise to $5.2 billion in 2025, marking a growing fiscal burden despite ongoing ...
Nigeria’s Public Debt Soars to ₦144.67 Trillion, Raising Fiscal Concerns
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 Spends $817.4 Million on Debt Servicing in First Two Months of 2025
Nigeria has spent $817.4 million (approximately N1.26 trillion) on debt servicing in the first two months of 2025, according to ...
Analysts Urge Immediate Action on Nigeria’s Debt
Financial experts have raised concerns over Nigeria’s growing debt burden, urging swift action to prevent further economic strain. This comes ...
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