Nigeria debt profile
N341tn oil reserves lie undeveloped in Nigeria
Nigeria is sitting on crude oil reserves valued at a staggering N341 trillion, locked away in undeveloped fields across the country’s oil basins, according to a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report revealed that more than 3.5 billion barrels of oil and condensate reserves remain idle, even as the […]
FIRS, Customs, 3 Agencies pull N21tn in H1
The Federal Government of Nigeria recorded a remarkable revenue inflow of about N21.22 trillion from five key revenue-generating agencies during the first half of 2025, highlighting a strong fiscal performance in the first six months of the year. This surge underscores the government’s intensified efforts to expand its revenue base through aggressive tax collection, stricter […]
Nigeria Awaits World Bank’s Verdict on $632m loan Request Today
The World Bank is poised to approve a $632 million loan request for Nigeria today, March 31, 2025. This loan is intended to support critical areas, including nutrition improvement and quality basic education. The $632 million World Bank loan to Nigeria is comprised of two main components: – $80 million for the Accelerating Nutrition Results […]