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NIGERIA DEBT
The World Bank has set conditions for Nigeria to access a $500 million loan under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing programme.
The Federal Government’s outstanding guarantees and contingent liabilities stood at N7.84 trillion as of June 30, 2026, with collateral for a $1.5 billion Total Return Swap accounting for N2.74 trillion, or 34.99% of the total.
The Debt Management Office (DMO) plans to offer N5.75 trillion in Federal Government of Nigeria (FGN) bonds in the fourth quarter of 2026, according to its provisional issuance calendar.
The Finance Minister added the Naira also continues to weaken against the dollar, increasing Nigeria's debt service obligations.
Minister of Finance, Kemi Adeosun has assured that Nigeria’s debt level was still sustainable and under control. Reacting...