Nigeria’s budget deficits fueling naira depreciation, CBN study finds
Nairametrics's headline. Reported by Nairametrics.
What Nairametrics reported
Nigeria’s rising budget deficits are a major driver of exchange rate depreciation and exert delayed upward pressure on interest rates, according to a study published in the Central Bank of Nigeria (CBN) Journal of Applied Statistics.
The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.
Nigeria’s budget deficits fueling naira depreciation, CBN study finds. Nigeria’s rising budget deficits are a major driver of exchange rate depreciation and exert delayed upward pressure on interest rates, according to a study published in the Central Bank of Nigeria (CBN) Journal of Applied Statistics. Covered by 1 publications. Nairametrics: Nigeria’s budget deficits fueling naira depreciation, CBN study finds.
Who is covering it
- Nairametrics Nigeria Nigeria’s budget deficits fueling naira depreciation, CBN study finds Nigeria’s rising budget deficits are a major driver of exchange rate depreciation and exert delayed upward pressure on interest rates, according to a study published in the Central Bank of Nigeria (CBN) Journal of Applied Statistics. 6 h ago · Tier 2
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
More from Business
Tinubu Seeks Senate Approval For $7.7bn External Borrowing
President Bola Tinubu has asked the Senate to approve about $7.7 billion in external borrowing to finance part of the 2026 budget, according to TVC News, Punch and Nairametrics. Nairametrics put the request at N10.79 trillion, equivalent to approximately $7.7 billion. Channels Television reported that the new request replaces an earlier $20.52 billion loan request presented last week, according to the Senate President. The sources describe the borrowing as part-financing the 2026 budget deficit, with Punch adding that it would also support key sectors. The story is developing, and the sources give no Senate decision. Summary from 4 sources
Sources differ: Channels Television says the request replaces a $20.52 billion loan request from last week, which the other outlets do not mention.
Summary from 4 sources Channels Television first also Nairametrics, TVC News, Punch
Atiku: Tinubu’s tenure almost over, fresh debt mustn’t stand
Former Vice President Atiku Abubakar has condemned President Bola Tinubu’s request for Senate approval to borrow $7.7 billion, or approximately ₦10.79 trillion, to part-finance the 2026 budget deficit. In a statement which Phrank Shaibu, Director of Strategic Communication, ADC Presidential Campaign Excerpt, Daily Trust
Source Daily Trust
NBS: Enugu records lowest ‘tax revenue-to-IGR ratio’
According to statistics published on StatiSense's verified X handle, only N51.52 billion, or 12.67 per cent of the N406.7 billion in IGR generated by Enugu State in 2025, came from tax revenues, while the rest came from non-tax revenues. Excerpt, Premium Times
Source Premium Times also BusinessDay, Vanguard, Nigerian Tribune