Tag: Public finance Nigeria

FG Spends N6.32trn On Domestic Debt Servicing In 9 Months, Exceeds 2024 Total

Business Damilola Bayonle -
Federal Govt Spends N6.32trn On Domestic Debt Servicing In 9 Months, Outpaces 2024 Total Nigeria’s fiscal pressures deepened in 2025...

Reps move to sack Agency DG, drop 2026 budget after snub at National Assembly

Business Damilola Bayonle -
Reps step down agency’s 2026 budget review amid oversight standoff The House of Representatives Committee on Science and Engineering has...

FAAC recovers N2.36tn, $7.87m as oil revenue audit uncovers massive arrears

Business Damilola Bayonle -
FAAC recovers N2.36tn, $7.87m oil revenue arrears Nigeria’s Federation Account Allocation Committee (FAAC) has recovered a cumulative N2.36tn and $7.87m...

States borrowing to fund 2026 budgets soar as 10 Nigerian states seek N4.3tn for capital projects

Business Damilola Bayonle -
States Borrowing to Fund 2026 Budgets Rises as Subnational Governments Turn to Loans and Capital Receipts Ten Nigerian states are...

FG writes off NNPC debt: Tinubu cancels $1.42bn, N5.57tn liabilities in bold fiscal reform

Business Damilola Bayonle -
In a decisive fiscal move aimed at closing years of unresolved financial disputes between the Federation and the Nigerian...