Businesses suffer as FG's domestic borrowings surge 90% to N24.7trn

Nigerian businesses are suffering as the federal government increased its domestic borrowings from investors by 90.5% year-on-year, reaching N24.7 trillion in the first eight months of 2026. The Independent National Electoral Commission (INEC) warned that politicians using abusive language in their campaigns risk fines of N10 million and possible imprisonment for 12 months. Additionally, at least 26 state governments could not generate enough internal revenue to cover their personnel costs in 2025.