22 firms on NGX face debt exposure of N21.3trn
About 22 companies listed on the Nigerian Exchange Limited, NGX, are carrying varying levels of debt, totalling N21.3 trillion in the second quarter of 2026, as they seek to finance their operations and generate profits.
Rising debt profile will plunge Nigerians into poverty, CSO decries country’s borrowings
A civil society organisation, the African Network for Environment and Economic Justice, has said that the rising debt profile of Nigeria will force Nigerians into multidimensional poverty.
FG inherited N14trn debt, over 2,600 road projects —Umahi
THE Federal Government said weekend that the present administration inherited about N14 trillion debt on 2,604 roads of 18,000 kilometers from the Muhammadu Buhari administration.
Steer clear of more borrowing, DMO cautions FG
The Debt Management Office, DMO, has warned the Federal Government against additional borrowing, saying 73.5 per cent of revenue generated this year will be used to service debt.
Nigeria can repay its debts within 90 days – Jimoh Ibrahim
Senator-elect and business mogul, Jimoh Ibrahim, has explained how Nigeria can repay its debts within 90 days.
‘Buhari left high debt, rising inflation, low growth behind’
A leading civic organisation, BudgIT has lamented that President Muhammadu Buhari’s government of eight years had plunged Nigeria into high debt, increasing inflation and low growth.
