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The Looming Debt Avalanche: Why...

The Looming Debt Avalanche: Why Nigeria’s external...

Naira could strengthen to ₦1,100/$1...

Naira could strengthen to ₦1,100/$1 in 2026,...

The Looming Debt Avalanche: Why Nigeria’s external borrowing is eating the future, by Abubakar M. Kareto

The Looming Debt Avalanche: Why Nigeria’s external borrowing is eating the future, by Abubakar M. Kareto The International Monetary Fund has just fired a fiscal flare gun into Nigeria's macroeconomic sky. In its newly released 2026 Article IV Consultation Report, the Fund projects that Nigeria’s public external debt is on track to climb from $51.9 billion to a staggering $72.6 billion by 2027. This represents a nearly 40 percent surge within a two-year window. For an economy already grappling with profound structural vulnerabilities, this looming debt avalanche raises a fundamental question...
Gift Luckson -
Business & Economy

Naira gains on...

Naira gains on USD, trades at ₦1,484/$ as inflation eases Story by Martha Gwary The naira strengthened further against the United States dollar on Tuesday, ahead...
Salim Sani -
News

Naira weakens again...

Naira weakens again due to dollar shortage, market uncertainty Story by Jessica Mbamah  The naira on Friday depreciated to ₦1,538 per dollar in the parallel market, weaker...
Maryam Umar -
Business & Economy

Naira ends August...

Naira ends August with modest gain against Dollar in Nigerian forex market Story by Martha Gwary The Nigerian naira recorded a slight appreciation against the US...
Salim Sani -
News

Jellewer bags 4...

Jellewer bags 4 years imprisonment for rejecting naira as legal tender Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday,...
Maryam Umar -
Energy & Power

Naira-for-Crude Deal: Dangote...

Naira-for-Crude Deal: Dangote crashes petrol price to ₦865 per litre The Dangote Petroleum Refinery has informed marketers of a reduction in the ex-depot price of...
Gift Luckson -
Crime

Bobrisky entered Kirikiri...

Bobrisky entered Kirikiri prison with ₦35m to bribe wardens - Baale of Kirikiri More revelations have emerged about Bobrisky’s escapades in prison after the cross...
Gift Luckson -
Business & Economy

Dollar continues to...

Dollar continues to rise against Naira on Friday The naira's value stood at ₦1,549 to the US dollar on the parallel market in Nigeria as...
Salim Sani -
Nation

CBN denies report...

CBN denies report of introducing ₦5,000, ₦10,000 banknotes The Central Bank of Nigeria (CBN) has declared as fake a report that it had introduced new...
Gift Luckson -
Nation

Dangote Refinery stops...

Dangote Refinery stops sale of petroleum products in naira Dangote Petroleum Refinery has announced the suspension of the sale of petroleum products in naira. This was...
Gift Luckson -
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