Debt Management

Nigeria’s Public Debt Surges 11.6% Year-on-Year, Reaching a Staggering N152.40 Trillion
As of June 30, 2025, Nigeria’s total public debt surged to N152.40 trillion, marking an 11.6 percent increase compared to the previous year, according to...

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Politics Today
4 hours ago4 hours ago

As of June 30, 2025, Nigeria’s total public debt surged to N152.40 trillion, marking an 11.6 percent increase compared to the previous year, according to the latest figures released by the Debt Management Office (DMO) on Saturday. This rise represents an additional N15.89 trillion from the N136.51 trillion recorded in June 2024, underscoring the persistent...

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Crush Your Credit Card Debt: NPR’s Must-Read Newsletter Series to Take Control of Your Finances
Managing credit card debt has become increasingly challenging in today’s economic climate. With rising inflation, escalating living expenses, and a slowdown in employment opportunities, many...

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International News
6 days ago6 days ago

Managing credit card debt has become increasingly challenging in today’s economic climate. With rising inflation, escalating living expenses, and a slowdown in employment opportunities, many Americans find themselves struggling to keep up with their financial obligations. Credit card debt in the U.S. has surged to unprecedented levels. As reported by the Federal Reserve Bank of...

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Nigeria Shells Out $2.86 Billion on External Debt in Just Eight Months – Monthly Breakdown Inside!
Between January and August 2025, Nigeria allocated $2.86 billion towards servicing its external debt, as reported by the Central Bank of Nigeria (CBN) through international...

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Politics Today
1 week ago1 week ago

Between January and August 2025, Nigeria allocated $2.86 billion towards servicing its external debt, as reported by the Central Bank of Nigeria (CBN) through international payment statistics released on Wednesday. This amount accounts for 69.1% of the nation’s total foreign payments, which stood at $4.14 billion during the same timeframe. When compared to the corresponding...

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Reps Speaker Stands Firm on Borrowing, Fully Backs Tinubu’s Bold Debt Strategy
Abbas Tajudeen, Speaker of the House of Representatives, has emphasized that the National Assembly supports President Bola Tinubu’s borrowing strategy, recognizing debt as a valid...

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Politics Today
3 weeks ago3 weeks ago

Abbas Tajudeen, Speaker of the House of Representatives, has emphasized that the National Assembly supports President Bola Tinubu’s borrowing strategy, recognizing debt as a valid mechanism to fund infrastructure projects and promote sustainable economic development. Addressing attendees in Abuja during the 8th Annual African Network of Parliamentary Budget Offices (AN-PBO) Conference-hosted collaboratively by the National...

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Nigeria Allocates a Staggering 69% of 2024 Revenues to Debt Repayment – Budget Office Reveals
Nigeria continues to grapple with fiscal challenges as the Federal Government allocated an overwhelming 69 percent of its total revenue for 2024 solely to debt...

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Politics Today
3 weeks ago3 weeks ago

Nigeria continues to grapple with fiscal challenges as the Federal Government allocated an overwhelming 69 percent of its total revenue for 2024 solely to debt repayment. This information comes from the most recent Budget Implementation Report (BIR) published by the Budget Office of the Federation (BOF). According to the report, out of the N19.354 trillion...

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Urgent Alert: Speaker Abbas Raises the Alarm as Nigeria’s Debt Skyrockets to N149 Trillion!
Abbas Tajudeen, the Speaker of Nigeria’s House of Representatives, has raised serious concerns about the country’s escalating debt levels, pointing out that the current borrowing...

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Politics Today
1 month ago1 month ago

Abbas Tajudeen, the Speaker of Nigeria’s House of Representatives, has raised serious concerns about the country’s escalating debt levels, pointing out that the current borrowing has exceeded the legal limits set by Nigerian law, posing a significant threat to the nation’s financial stability. Speaking at the opening of the 11th Annual Conference and General Assembly...

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AMCON Greenlights Abia’s Bold Revival Plan for Star Paper Mills
AMCON Endorses Abia State’s Initiative to Revive Star Paper Mills The Asset Management Corporation of Nigeria (AMCON) has officially authorized Abia State to undertake the...

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Business Updates
1 month ago1 month ago

AMCON Endorses Abia State’s Initiative to Revive Star Paper Mills The Asset Management Corporation of Nigeria (AMCON) has officially authorized Abia State to undertake the revitalization of the defunct Star Paper Mills. This move marks a significant step towards restoring the once-thriving industrial facility, which has been inactive for several years. Reviving a Key Industrial...

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