Nigeria’s subnational debt profile deteriorated further in 2025, with the combined debt stock of the 36 states and the Federal Capital Territory (FCT) rising to N4.36 trillion. Even as Lagos maintained its position at the top with a debt profile of N1.04 trillion. The figures are culled from the latest released data on states’ debt profile by the Debt Management […] READ MORE

The Federal Government has refuted claims of hidden spending in federation revenues as alleged in interpretations of a recent World Bank report. The clarification was contained in a statement issued on Sunday by the Federal Ministry of Finance and signed by the Minister of State for Finance, Taiwo Oyedele. The ministry explained that the claims stem from […] READ MORE

Nigeria’s domestic debt profile has revealed that the Federal Government raised N100 billion through the Unclaimed Funds Trust Fund. This is according to the latest data from the Debt Management Office (DMO). Figures from the DMO’s domestic debt stock report show that the instrument listed as “UFTF FGN Security” stood at N100 billion as of […] READ MORE

The Managing Director and Chief Executive Officer of Nigerian Breweries Plc, Thibaut Boidin, has warned that the planned tax stamp policy by the Nigerian government could cause a 100% decrease in profits across the brewing industry and destabilise the sector. Speaking during the company’s 80th pre-AGM media briefing in Lagos, Boidin said manufacturers need policy predictability and fiscal stability […] READ MORE

Sub-Saharan Africa’s fiscal position is expected to weaken in 2026, even as improved commodity prices offer some relief to external balances across parts of the region. This is contained in the International Monetary Fund’s April 2026 Regional Economic Outlook titled “Hard-Won Gains Under Pressure.” The Fund projects that the median fiscal deficit for Sub-Saharan Africa will […] READ MORE

Nigeria’s total subnational debt rose 9.89% year-on-year (YoY) to N4.36 trillion in 2025 from N3.97 trillion in 2024, yet a number of states went against that tide, maintaining low and in most cases declining debt levels over the same period. According to data compiled by the Nairametrics Research Team from the Debt Management Office (DMO), the ten least indebted states reveal a pattern of fiscal […] READ MORE

Nigeria’s foreign exchange reserves have declined to $48.6 billion as of April 16, 2026, marking a cumulative drop of about $1.38 billion over a five-week period. This is according to data from the Central Bank of Nigeria (CBN). Data published on the apex bank’s website shows that reserves stood at $50.03 billion as of March […] READ MORE

Nigeria’s Federation Account Allocation Committee (FAAC) for February 2026 recorded higher disbursement than in January, with total disbursements to the 36 states reaching N784.29 billion as net allocation. The data according to the recently released FAAC allocation published by NBS usually prepared by the Office of the Accountant General of the Federation (OAGF), shows a […] READ MORE

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said that the recent decline in Nigeria’s external reserves should not be a cause for concern, noting that the country remains in a strong and comfortable position despite the fluctuations. The CBN Governor disclosed this on April 17 during a press briefing at […] READ MORE

Ecobank Transnational Incorporated Plc’s N1.21 trillion profit-before-tax has triggered mixed reactions among financial analysts over the drivers of its growth and its broader implications for the banking sector. The bank reported a pre-tax profit of N1.21 trillion for the year ended December 31, 2025, representing a 23.60% year-on-year increase from N986.6 billion recorded in 2024. The performance […] READ MORE