Nigeria’s federal government has sharply increased its reliance on the domestic debt market, with borrowing from local investors reaching N24.7 trillion between January and August 2026, a 90.5 per cent increase compared with the N12.98 trillion recorded during the same period in 2025. The scale of the increase is raising fresh concerns about the availability […]
ABUJA — A fresh dispute over the financial management of the Federal Capital Territory has emerged after Senator Ireti Kingibe alleged that FCT Minister Nyesom Wike incurred loans for Abuja without first obtaining the approval of the National Assembly. Kingibe, who represents the Federal Capital Territory in the Senate, made the allegation during an interview […]
