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Middle East Crisis: IMF plans $50bn lifeline for Nigeria, others

Middle East Crisis: IMF plans $50bn lifeline for Nigeria, others

*Urges prudent use of oil windfall to rebuild buffers By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this […]

Nigeria’s public debt up 10% to N159trn in 2025—DMO

Nigeria’s public debt up 10% to N159trn in 2025—DMO

By Yinka Kolawole Nigeria’s total public debt for federal and state governments rose by 10 percent, year-on-year, YoY to N159.27 trillion at the end of the fourth quarter of 2025 (Q4’25) compared to the N144.67 trillion recorded at the end of Q4’24, the Debt Management Office (DMO) has reported. According to DMO, the figure represents […]