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Nigeria has recorded an estimated oil revenue windfall of approximately N5.13 trillion within two months, as global crude prices surged sharply amid the escalating conflict between the United States and Iran, a development that has simultaneously delivered fiscal relief to the government and fresh economic hardship to ordinary citizens. International benchmark Brent crude…
Nigeria’s Federal Government has significantly expanded its borrowing plan for 2026, pushing total debt financing to N29.20 trillion, a sharp jump of N11.31 trillion from the N17.89 trillion projection that appeared in the Abridged Budget Call Circular issued by the Federal Ministry of Budget and Economic Planning in December 2025. The revised figure is contained…
ABUJA — The Nigerian Senate officially confirmed yesterday that the nation must embrace fresh borrowings to sustain the 2026 fiscal cycle. Senator Solomon Adeola, Chairman of the Senate Committee on Appropriations, announced this during a public hearing in the capital. The proposed budget estimates total expenditure at N58.47 trillion, significantly outpacing the projected revenue…
