Nigeria’s rising debt profile came under fresh scrutiny, as the Federal Government ramped-up domestic borrowing to ₦8.1 trillion in the first quarter of 2026, marking a 7.4% increase from ₦7.5 trillion recorded in the same period last year. Data from the Central Bank of Nigeria (CBNM and the Debt Management Office (DMO) show that the increase was largely driven by higher issuances of FGN Bonds and Savings Bonds, even as borrowing through Treasury Bills declined. Analysts say the trend reflects persistent revenue shortfalls and weak fiscal discipline, warning that the…
Read MoreNigeria debt pressure rises, as FG borrows ₦8.1tr in just 3 months
