By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s PUSH for a proposed $1.25bn World Bank (WB)loan to support economic reforms, job creation, and competitiveness has reached a critical stage in the lender’s approval process. JKNewsMedia.com reports that the proposed facility, titled “Nigeria Actions for Investment and Jobs Accel...
By JKNewsMedia RISING DEBT levels have placed Lagos State at the top of Nigeria’s debt chart, with a combined domestic and external burden of N1.22 trillion and $1.17 billion as of the fourth quarter of 2025. JKNewsMedia.com reports that the figures released by the National Bureau of Statistics (NBS) showed Nigeria’s total public debt increas...
By Joke Kujenya FEDERAL REVENUES for 2025 are collapsing to N10.7tn, far below the N40.8tn originally projected, Finance Minister Wale Edun told lawmakers this week, exposing a gap of nearly N30tn. Edun said weak oil and gas receipts, shortfalls in petroleum profit tax and company income tax, and gaps in non-oil revenue are largely responsibl...
By Jemimah Wellington, JKNewsMedia Reporter THE ESCALATING financial burden on Nigeria continues to spark concern as the country’s total public debt soared to ₦142.3 trillion by September 2024. Economists say this marks an increase of ₦8 trillion—or 5.97 per cent—compared to the ₦134.3 trillion recorded in June. The Debt Management Office (DM...
