1 hour ago Obi decries Nigeria’s rising debt, warns of bleak future for youths

From Sola Ojo, Abuja Former presidential candidate of the Labour Party Mr Peter Obi has again raised concerns over Nigeria’s rising debt profile, describing the trend as reckless and unsustainable. Obi, on his verified ‘X’ handle on Tuesday, said he received several messages during his short leave over the weekend, with many Nigerians expressing worry […] The post Obi decries Nigeria’s rising debt, warns of bleak future for youths appeared first on The Sun Nigeria.

Events

3 h. ago Presidency clarifies: Nigeria’s borrowing prudent economic policy, not recklessness

From Juliana Taiwo-Obalonye, Abuja The Presidency has defended Nigeria’s rising debt levels, emphasising that borrowing is a necessary and strategic tool for economic development rather than a sign of financial imprudence. Special Adviser to President Tinubu on Media and Public Communication, Sunday Dare, responded on his official X account @SundayDareSD to criticisms from former senator […] The post Presidency clarifies: Nigeria’s borrowing prudent economic policy, not recklessness appeared first on The Sun Nigeria.

Politics

8 h. ago Tinubu Might Soon Turn To Loan Apps For Borrowing – Dino Melaye

Former Kogi West Senator, Dino Melaye, has strongly criticised President Bola Ahmed Tinubu’s administration, accusing it of reckless borrowing and wasteful spending despite Nigeria’s economic challenges. Speaking during an interview on Arise Television, Melaye warned that if the borrowing trend continues unchecked, the government might soon be forced to seek loans from local fintech platforms. […] The post Tinubu Might Soon Turn To Loan Apps For Borrowing – Dino Melaye appeared first on Information Nigeria.

Politics

9 h. ago Presidency Fires Back At Dino Melaye For Criticising Debt Profile Under Tinubu

The Presidency has dismissed remarks by former Kogi West Senator, Dino Melaye, on Nigeria’s rising debt profile, describing them as “entertainment, and not enlightenment.” Recall that Melaye, during an interview on Arise News Channel’s Prime Time show on Monday evening, mocked the Tinubu administration’s borrowing practices, alleging that the situation had become so dire that […]

Politics

23 h. ago Nigeria’s Debt Alarming, We Must Reject Reckless Borrowing – Abbas

The Speaker of the House of Representatives, Abbas Tajudeen, has raised alarm over Nigeria’s mounting debt. He warned that it has surpassed the country’s legal threshold and poses a significant risk to fiscal stability. Speaking on Monday at the opening of the 11th Annual Conference and General Assembly of the West Africa Association of Public […] The post Nigeria’s Debt Alarming, We Must Reject Reckless Borrowing – Abbas appeared first on Information Nigeria.

Politics

29 h. ago Nigeria’s debt profile has reached critical level — Speaker Tajudeen

Tribune Online Nigeria’s debt profile has reached critical level — Speaker Tajudeen The reforms are delivering measurable impact in terms of investor confidence, reduced spending on fuel imports, greater energy self-sufficiency.... Nigeria’s debt profile has reached critical level — Speaker Tajudeen Tribune Online

Politics

6 d. ago DMO seeks effective debt management practices for sustainable economic devt

The Debt Management Office (DMO) on Tuesday urged sub-national entities in Nigeria to ensure effective debt management practices to ensure read more DMO seeks effective debt management practices for sustainable economic devt

Economics

8 d. ago Investors eye September issuance as FG concludes N200bn August Bond Auction

Tribune Online Investors eye September issuance as FG concludes N200bn August Bond Auction THE Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), has wrapped up its August 2025 bond auction, floating N200 billion worth of sovereign bonds to investors. According to a circular released on Thursday, the auction was conducted on Monday, August 25, with settlement scheduled for Wednesday, August 27. The offer comprised N100 […] Investors eye September issuance as FG concludes N200bn August Bond Auction Tribune Online

Economics

8 d. ago MTDS: Nigeria’s debt stock to exceed N160trn by 2027 without revenue boost —Analysts

Tribune Online MTDS: Nigeria’s debt stock to exceed N160trn by 2027 without revenue boost —Analysts Nigeria’s public debt is projected to cross the N160 trillion mark by 2027 unless urgent measures are taken to improve revenue mobilisation, analysts have warned. As of March 2025, the nation’s debt stock stood at N149.39 trillion, a sharp 22.8 percent jump from N121.67 trillion in March 2024. This rising debt burden comes against the […] MTDS: Nigeria’s debt stock to exceed N160trn by 2027 without revenue boost —Analysts Tribune Online

Politics

2 w. ago Justice increasingly becoming purchasable commodity in Nigeria — Sultan

Tribune Online Justice increasingly becoming purchasable commodity in Nigeria — Sultan Malema cautions African nations against debt-trap loans from World Bank, IMF • Law conscience of the nation, justice sector reform cornerstone of our administration — Mbah Sultan of Sokoto and chairman of the Northern Traditional Rulers, Muhammad Sa’ad Abubakar III, has warned that justice in Nigeria is increasingly becoming a “purchasable commodity” where the poor […] Justice increasingly becoming purchasable commodity in Nigeria — Sultan Tribune Online

Politics

2 w. ago ‘Reparations: Colonial Debt’ Documentary Sparks Fresh Conversations About Africa

On August 19, the Nigerian audience witnessed the premiere of the documentary “Reparations: Colonial Debt”, by Senegalese filmmaker Ibrahima Sow, on Trust TV. The film sheds light on the crimes committed by European powers during the transatlantic slave trade and colonisation, the long-lasting consequences of these events, and the enduring economic grip of France on […]

Politics

2 w. ago Alleged Debt: Court Stops Reps From Summoning 17 Insurance CEOs

Justice Emeka Nwite granted the interlocutory order after an application filed by the insurers who are members of the Nigerian Insurers Association (NIA).  The post Alleged Debt: Court Stops Reps From Summoning 17 Insurance CEOs appeared first on Channels Television.

Politics

3 w. ago IMG launches N6.39bn Rights Issue to cut debt, fund expansion

By Chinwendu Obienyi Industrial & Medical Gases Nigeria Plc (IMG) has opened a N6.39 billion rights issue as part of its strategic push to reduce debt and fuel long-term expansion. The offer, which commenced following the signing of final agreements over the weekend, comprises 199.8 million ordinary shares of 50 kobo each, priced at N32 […] The post IMG launches N6.39bn Rights Issue to cut debt, fund expansion appeared first on The Sun Nigeria.

Politics

4 w. ago Reform fatigue sets in as N16trn debt service erodes gains of fuel subsidy removal —Analysts

Tribune Online Reform fatigue sets in as N16trn debt service erodes gains of fuel subsidy removal —Analysts NIGERIA’S fiscal stability is coming under renewed strain as the anticipated benefits of fuel subsidy removal are being overshadowed by a surging debt service burden. Analysts warn that “reform fatigue” is beginning to take hold, with the country’s N16 trillion annual debt service payments undermining the fiscal space supposedly freed up by the 2023 subsidy […] Reform fatigue sets in as N16trn debt service erodes gains of fuel subsidy removal —Analysts Tribune Online

Politics