Tag: Borrowing

News and Analysis

Nigeria’s External Debt Hits $145bn as World Bank Raises Alarm Over Rising Repayment Costs

BY TAIBAT UMMI YAKUBUNigeria's external debt has climbed to $145.02 billion, marking a 6.6 per cent increase in 2025 and intensifying concerns over the cou...

Sulaiman Umar · Nov 06, 2026 · 109

News and Analysis

Tinubu Fires Back at Loan Critics, Says ‘The Question Is What Nigeria Is Building With the Money’

By Taibat Ummi YakubuPresident Bola Tinubu has defended his administration’s growing reliance on foreign loans, arguing that borrowing should not be judged...

Sulaiman Umar · Oct 30, 2026 · 409

News and Analysis

Tinubu Seeks Senate Approval for $20.5bn, €1.05bn Foreign Loans to Fund Key Projects

BY TAIBAT UMMI YAKUBUPresident Bola Tinubu has asked the Senate to approve a fresh external borrowing plan involving $20.52 billion and about €1.05 billion...

Sulaiman Umar · Oct 27, 2026 · 375

News and Analysis

IMD Ranking 2026: Nigeria Leads Africa, Places 55th Globally in Economic Performance Despite Overall Competitiveness Drop

Nigeria has emerged as Africa’s highest-performing economy in the economic performance category of the International Institute for Management Development (...

Sulaiman Umar · Jul 01, 2026 · 942