DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
Category : Search result: foreign borrowing
When a Quick Loan Makes Sense in Nigeria
Discover the 5 key situations where a quick loan is a sensible financial tool in Nigeria, from medical emergencies to urgent repairs. Learn to borrow responsibly.
CBN Projects Naira Stability, Lower Borrowing Costs for 2026
The Central Bank of Nigeria's latest survey reveals businesses expect naira stability and lower borrowing rates into 2026, despite ongoing challenges like insecurity and high taxes. Read the full report.
Senate Passes N54.46 Trillion MTEF, Natasha Questions FG
The Nigerian Senate has approved the 2026-2028 MTEF with a N54.46 trillion spending plan. Senator Natasha Akpoti-Uduaghan challenged the FG's vague plan to 'mop up' funds for the private sector. Read the full details.
DMO to States: Comply with Fiscal Responsibility Act on Loans
The Debt Management Office has urged state governments to strictly adhere to the Fiscal Responsibility Act when borrowing. DMO DG Patience Oniha says compliance is non-negotiable for sustainable public finance. Read more.
PFN Calls for End to Foreign Medical Trips
Bishop Francis Oke urges Nigerian government to invest in healthcare infrastructure to prevent youth deaths and stop leaders' medical tourism. Join the movement for better health.
PRP Slams Turaki's Call for Foreign Intervention
Peoples Redemption Party condemns PDP chairman Kabiru Turaki for urging foreign powers to intervene in Nigeria's political affairs. Read why this move threatens national sovereignty.
Tinubu Gets DSS-Cleared Ambassadorial List
President Bola Tinubu receives security-cleared ambassador list. DSS completes background checks. List awaits transmission to Senate for confirmation. Read latest updates.
Tinubu delays foreign trips after school kidnapping, church attack
President Bola Tinubu postpones G20 and AU-EU summits in South Africa and Angola following the abduction of 25 girls in Kebbi and church attack in Kwara. Security reports awaited.
Piers Morgan Questions Nigeria's Minister on Christian Killings
Nigeria's Foreign Affairs Minister Yusuf Tuggar faced intense questioning from Piers Morgan about Christian persecution. Watch the explosive interview and see the minister's response.
Tinubu to attend G20 Summit in South Africa, AU-EU in Angola
President Bola Tinubu embarks on a two-nation diplomatic mission to South Africa and Angola for international summits. Discover the agenda and public reaction.
Frontline troops oppose US intervention in Nigeria
Nigerian soldiers fighting Boko Haram in Yobe warn against US military intervention, citing internal nature of crisis and questioning American motives. Read exclusive details.
Tinubu Heads to South Africa, Angola for Diplomatic Summits
President Bola Tinubu embarks on a diplomatic mission to South Africa for the G20 Summit and Angola for AU-EU talks. The trip focuses on economic development, climate change, and regional security. Read more about Nigeria's global engagements.
Naira falls 0.39% against dollar, CBN to intervene
Naira depreciates to N1,448.03/$1 in official market as traders quote new rates. CBN expected to resume strong intervention to prevent further decline. Full analysis inside.
Nigeria's FX inflows fall to $672m despite naira strength
Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.
Woman finds Korean currency in Lagos thrift market
A Nigerian thrift vendor discovered 6,000 Korean won while unpacking bags at Katangua market in Lagos. The viral TikTok video sparked online buzz as people calculated the actual value in Naira.
Civil Society Groups Reject Religious War Narrative
CCSO warns against inflammatory religious narratives amid Nigeria's security challenges, supports Tinubu's efforts and rejects foreign military intervention. Stay informed about national unity.
Trump: Severe Sanctions for Russia Business Partners
US President Donald Trump warns countries doing business with Russia will face severe sanctions. Read latest developments on US-Russia relations and energy sector impacts.
US Labels Venezuelan Cartel as Terrorist Organization
US designates Cartel de los Soles as foreign terrorist organization, permitting potential military strikes in Venezuela without congressional approval. Read full details.
Naira falls against dollar despite rising FX reserves
Naira depreciates to N1,442.43/$1 in official market as foreign exchange demand increases ahead of festive season. Nigeria's FX reserves climb to $43.5 billion - the highest level in six years.
CBN Sells $50m to Banks as Naira Falls Amid Dollar Demand
Central Bank intervenes with $50 million FX sale to Access, Zenith, UBA amid naira volatility. Naira falls to N1,472/$ in parallel market despite reserves growth. Read latest analysis.
CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
Western Sanctions Backfire: Global Consequences
Excessive international sanctions by Western nations are creating unintended consequences, including global polarization and alternative systems. Discover how this affects Nigeria and the world.
Kano Governor Awards Scholarships to 350 Students
Governor Abba Kabir Yusuf has sponsored 350 Kano indigenes for postgraduate studies abroad in India, Uganda, and Malaysia. The initiative aims to boost human capital development.
Nigeria FM Rejects Christian Genocide Claims in TV Clash
Nigerian Foreign Minister Yusuf Tuggar confronts Piers Morgan over Christian persecution narrative, demands full interview broadcast as African Union backs Nigeria's stance.
Piers Morgan vs Nigeria Minister: Interview Clash
British broadcaster Piers Morgan responds to Nigeria's Foreign Minister Yusuf Tuggar's demand for full interview release. Tuggar defended Nigeria against religious persecution claims. Read the explosive exchange.
Tuggar Urges Piers Morgan to Air Full Nigeria Interview
Nigeria's Foreign Minister Yusuf Tuggar demands British broadcaster Piers Morgan air his complete interview about religious situation without edits. Read the full story.
Naira falls to 10-day low against US dollar
Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.
Trump's Nigeria Threat: Ex-INEC Commissioner Reveals Real Motives
Exclusive: Former INEC National Commissioner Prof. Lai Olurode breaks down the racial, economic and political factors driving Trump's controversial threat against Nigeria if re-elected.
China Praises Nigeria Amid Trump Tariff Threats
Chinese Embassy in Abuja celebrates Nigeria-China relations as Donald Trump threatens 60% tariffs on Chinese imports, highlighting Nigeria's growing global importance.
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