DEBT

The Federal Government has raised N1.23tn through two bond issuances under its Presidential Power Sector Debt Reduction Programme as it moves to settle verified legacy obligations owed to electricity Generation Companies (GenCos).

The Debt Management Office has opened subscriptions for its August 2026 savings bond, offering annual returns of up to 14.963 percent. Nigerians can invest from N5,000, with subscriptions closing on August 7 and settlement scheduled for August 12. ...

May 29 (THEWILL) — Nigeria’s fiscal strain intensified in 2025 as the Federal Government spent more than two-thirds of its earnings on debt servicing, underscoring the widening gap between revenue generation and expenditure obligations. According to the 2025 Third Quarter...

April 26, (THEWILL) — President Bola Ahmed Tinubu’s recent request for the Senate’s approval of a $516.3 million-dollar syndicated loan to finance key segments of the Sokoto-Badagry Superhighway, has sent ripples of concern among well-meaning citizens. When approved (as...

November 17, (THEWILL) — Notable financial experts have warned that Nigeria’s debt service burden could worsen due to the Federal Government’s new borrowing plans. According to the News Agency of Nigeria on Sunday, the experts include a former Director- General...

October 24, (THEWILL) — Nigeria’s fiscal deficit widened sharply in 2024, reaching ₦13.5tn, according to data from the Budget Office, underscoring the deepening gap between government revenue and expenditure. The surge was driven by rising recurrent spending, soaring debt-service obligations,...

October 06, (THEWILL) — It is worrisome that President Tinubu is taking more loans despite the fact that Nigeria is having problems with the increasingly high cost of debt servicing. Debt servicing is taking more than 27 percent of...

November 24, (THEWILL) - The recent approval of President Bola Tinubu's $2.2 billion foreign loan request has sparked intense debate across Nigeria. Former Vice President, Atiku Abubakar, has been one of the most vocal critics, arguing that the loan...

March 05, (THE WILL)- The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has warned emerging economies, including Nigeria to be wary of debt risks, which he said could hamper economic growth if left unchecked.   THEWILL reports that Nigeria...