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

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.

‎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.

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

Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01tn in May 2025, according to fresh data from the Central Bank of Nigeria (CBN).