Public Debt
FG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
The federal government of Nigeria’s fiscal deficit surged to N4.53 trillion in the second quarter of 2024, up from N3.88...
Read moreDetails
14 states got 70% of their total revenue from FAAC receipts in 2023 – BudgIT
BudgIT, a leading civic-tech organization advocating for fiscal transparency, has revealed that 14 Nigerian states generated at least 70% of...
Read moreDetails
“I grew Nigeria’s FX reserves from $3.7 billion to $45 billion, saved $25 billion in ECA” — Obasanjo
Former Nigerian President Olusegun Obasanjo has recounted how he boosted the country’s foreign reserves from a meager $3.7 billion to...
Read moreDetails
Nigeria’s public debt hits N134.3 trillion in Q2 2024
Nigeria's public debt stock surged to N134.3 trillion ($91.3 billion) by the end of the second quarter of 2024.
Read moreDetailsNigeria eyes another $500 million World Bank loan to support basic education
The Federal Government of Nigeria is negotiating a $500 million loan from the World Bank to boost basic education, focusing...
Read moreDetails
IMF slashes borrowing costs by 36%, saving countries $1.2 billion yearly
The International Monetary Fund (IMF) has announced it is reducing the costs for countries that borrow money from it by...
Read moreDetails
Nigeria’s debt servicing payments rise by 69% to N6.04 trillion in H1 2024
Nigeria’s debt servicing payments have surged by 69% in the first half of 2024, reaching N6.04 trillion, up from N3.58...
Read moreDetails
Credit to government surges by N11 trillion in one month as private sector pays off debt
Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make...
Read moreDetails
World Bank approves $1.57 billion for Nigeria’s three projects
The World Bank has approved three new projects for Nigeria, totalling $1.57 billion in financing.
Read moreDetailsNigeria may get World Bank’s approval for three new loan projects of $1.5 billion this week
Nigeria is on the verge of securing World Bank’s approval for three major loan projects worth a total of $1.5...
Read moreDetails
