Breaking News
FG Repays First N100 Billion Sovereign Sukuk
Nigeria repays its first N100 Billion Sovereign Sukuk issued in 2017 and launches a new N300bn Series VII Sukuk to fund road projects.
13 May 2025
DMO
Business
Nigeria Clears $1.6 Billion IMF Debt, Joins List of Non-Debtor Nations
Nigeria has cleared its $1.6 billion IMF debt, joining non-debtor nations like Switzerland and China, marking a major financial milestone.
9 May 2025
Politics
Abia State Government Settles N72 Billion Debt
Abia State under Gov. Alex Otti pays N72 billion debt, advances healthcare with $1.3 billion Medical City, boosts education and infrastructure.
1 May 2025
Business
FG Targets N900bn–N1.2trn from Domestic Bonds in Q2 2025
Nigeria plans to raise between N900bn and N1.2trn in Q2 2025 via domestic bonds, signaling a shift in debt strategy amid inflation and a N13.08trn budget deficit.
24 April 2025
Business
Nigeria’s Public Debt Hits Record N144.6 Trillion as Borrowing Surges
Nigeria’s total public debt soared to a record N144.6 trillion by end of 2024, driven by a sharp rise in domestic and external borrowings.
5 April 2025
Politics
DMO Says President Tinubu Inherited N87.38trn Debt
Debt Management Office (DMO) states that President Tinubu inherited a total debt of N87.38 trillion, not N21 trillion
28 January 2025
Business
FG Offers New Savings Bonds
Federal government launches two tax-free Savings Bonds with annual returns of 17.23% and 18.23% with two unique 2-year and 3-year Savings Bond
14 January 2025
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