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Nigeria Debt Crisis

News

CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.

April 21, 2026

Politics

APC Releases 2027 Election Timetable, Sets Presidential Form at ₦100 Million

KEY POINTS APC set presidential nomination form at ₦100m and governorship at ₦50m for...

April 21, 2026

News

Nigeria Spends $3.5bn on Debt Servicing Despite Ongoing Reforms

Nigeria's external debt servicing surged 39.77% in the first nine months of 2024, as reforms aimed at curbing borrowing failed to ease costs

November 19, 2024

Business

Nigeria’s Debt Crisis: A Growing Concern

Nigeria’s rising debt and looming cash shortage paint a troubling picture for its economic future. As global pressures increase, what can be done to avert a fiscal crisis?

October 21, 2024

News

Loan Apps Surge by 80% as Nigerians’ Debt Appetite Reaches N7.5tn

The number of approved loan apps in Nigeria has jumped by 80%, with Nigerians' debt appetite reaching N7.5tn, driven by inflation and rising living costs.

October 3, 2024

News

Obasanjo Warns of Nigeria’s Growing Debt Burden, Leadership Crisis

Obasanjo discusses Nigeria's debt burden, leadership crisis, and the need for better governance at the Future Africa Leaders Foundation meeting.

January 4, 2024

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News

CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.

April 21, 2026

Politics