Tag: debt servicing

CPPE warns N15tn debt service could hurt 2026 growth — Rising fiscal risks for Nigeria

Business Damilola Bayonle -
CPPE Warns N15tn Debt Service Could Hurt 2026 Growth Nigeria’s projected N15tn debt service bill in the 2026 fiscal year...

NNPC $3bn loan repayment sparks fresh fears over Nigeria’s oil future

Business Damilola Bayonle -
Understanding the NNPC $3bn Loan Repayment and Its Implications The Nigerian National Petroleum Company Limited (NNPC Ltd.) has again come...

States’ revenue windfall wasted on overheads, debt servicing

Business Damilola Bayonle -
Nigeria’s states are squandering their long-awaited revenue windfall on growing overheads and debt servicing rather than using it to...

Nigeria’s Public Debt Rises to N152.4 Trillion as World Bank Remains Top Creditor — DMO

Business Damilola Bayonle -
Nigeria’s debt burden has continued to climb, with the latest report from the Debt Management Office (DMO) revealing that...

Nigeria’s cheap crude oil sparks fresh budget worries

Business Damilola Bayonle -
Nigeria’s fragile fiscal outlook is facing new pressures as the country’s crude oil grades slumped below $68 per barrel...

N417bn Debt Racks Up as States Get More Funds

Business Damilola Bayonle -
Despite enjoying increased disbursements from the Federation Account Allocation Committee (FAAC) in the past year, at least 10 Nigerian...

Nigeria Shells Out $2bn on External Debt in Just Four Months

Business Damilola Bayonle -
Nigeria’s external debt servicing has surged dramatically in the first four months of 2025, with the country spending approximately...