Nigeria Economy

CBN Data Shows FG Borrowing Surged by N17.4tn in One Year to Hit N40.38tn

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Fresh operational metrics released by the Central Bank of Nigeria (CBN) have triggered critical conversations across the nation’s financial corridors. According to the latest monetary and credit statistics, credit extended to the Federal Government experienced a massive year-on-year surge, raising structural questions about long-term fiscal deficit management and market liquidity distribution. The 75.6 Percent Surge: … Read more

Expert Warning Nigeria’s N159 Trillion Public Debt Profile Triggers Fiscal Sustainability Concerns

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Economic experts and financial analysts have raised serious alarms over Nigeria’s rapidly expanding fiscal obligations, describing the country’s public debt profile as terrifying when analyzed strictly in local currency terms. Recent statistics show that Nigeria’s total public debt has surged to an unprecedented 159.28 trillion Naira, a development that experts warn could heavily hinder long-term … Read more

Dangote Refinery & Petrol Prices

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The Nigerian foreign exchange market is bracing for a significant shift as the multi-billion dollar Dangote Refinery has officially commenced the distribution of premium motor spirit (petrol) across the country. Financial and economic analysts strongly believe that if Nigeria drastically reduces its reliance on importing petroleum products using foreign exchange, the high demand for the … Read more