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Facts & Figures

Bank Credit to Private Sector Declines to N75.83trn

Bank Credit to Private Sector Declines to N75.83trn   Bank credit to Nigeria’s private sector fell to N75.83tn in August 2025, the lowest level recorded this year, according to the Central Bank of Nigeria’s latest money and credit statistics. The figure represents a 0.4 per cent decline...

How 20 Governors Borrowed N458bn Amid Rising Debts

How 20 Governors Borrowed N458bn Amid Rising Debts   No fewer than 20 states of the federation borrowed about N458bn in the first half of 2025, findings have revealed. This comes against the backdrop of a soaring external debt servicing burden gripping state governments. Collectively, the states spent...

Nigeria Records Highest FX Reserves in Six Years at $42bn

Nigeria’s external reserves climbed to their strongest level in six years, crossing the $42bn mark for the first time since September 2019.

Nigeria’s Foreign Reserves Hit $41bn For First Time in Four Years

According to data from the Central Bank of Nigeria (CBN), this marks the first time since 2021 that the country’s reserves have crossed the $41 billion threshold, signaling renewed stability in external buffers.

‎FAAC Shares ₦6trn with States, LGAs in H1 2025

‎The Federal Account Allocation Committee (FAAC) disbursed over ₦6 trillion to Nigeria’s 36 states and 774 local governments between January and June 2025, according to newly released figures. The allocations reflect significant regional disparities, with oil-producing South-South states and Lagos topping the charts.

FG Spends N611.7bn on Dollar Bond Service in March – DMO

The Federal Government spent N611.71bn in March 2025 to service its first-ever domestic US Dollar-denominated bond.