World Bank Approves $1.25bn Loan for Nigeria Despite Debt Worries
The World Bank has approved a $1.25bn loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, despite recent public backlash over the country’s rising debt burden and calls by many Nigerians...
FG Borrowing Rises by N17.4trn - CBN Report
Fresh data released by the Central Bank of Nigeria (CBN) reveals that credit to the Federal Government rose sharply over the 12 months ending in May 2026.
The surge highlights an aggressive public sector appetite for borrowing despite...
FG Debt Repayments Overshoot Budget by N2trn
Federal Government debt repayments exceeded the 2025 amended budget allocation by N1.90tn in the first nine months of the year, fresh data from the Budget Office of the Federation showed.
The 2025 third quarter Budget Implementation Report showed that...
Nigeria’s debt conversation has increasingly become dominated by fear, outrage, and alarmist reactions, especially whenever fresh borrowing requests are sent to the National Assembly.
'Nigeria Could Reject World Bank Loans Due to Delays'
The Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, has warned that Nigeria may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to...
FG Begins Power Debt Repayment - Transcorp CEO
The President/Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, has said the Federal Government has commenced repayment of longstanding debts owed to power generation companies, describing the move as the most significant progress yet in...
