NNPC Halts Crude-Backed Loans to Finance PH, Warri Refineries   The Nigerian National Petroleum Company Limited (NNPCL) has said it is ending the practice of financing the Port Harcourt and Warri refineries with loans backed by crude oil production, opting instead for a performance-driven funding model...

Fresh Loans Push FG's Domestic Debt to N77trn   The Federal Government’s domestic debt rose by N7.40tn within nine months, driven largely by fresh issuances of FGN bonds and higher Treasury Bills, data obtained from the Debt Management Office has shown. Figures from the DMO indicate that...

Businesses Suffer as FG's Domestic Loans Hit N9trn The Federal Government’s domestic borrowings from financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public and private sector access to credit, according to data obtained from the Central Bank of...

Bank Loans to Manufacturers Drops by N2.17trn    Manufacturers have sharply reduced their exposu re to bank loans in the past year, repaying an estimated N2.17tn as high interest rates and rising operating costs weigh on the sector. Figures from the Central Bank of Nigeria’s latest quarterly...

Banks' Bad Loans Surge as CBN Ends Forbearance   Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of Nigeria withdrew the regulatory forbearance granted to lenders during the COVID-19 pandemic, according to the apex bank’s latest macroeconomic outlook report. The...

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...