News
CBN borrowing to FG hits N34.2trn in December 2025
The Federal Government’s lending from the Central Bank of Nigeria (CBN) surged to N34.2 trillion in December 2025, marking the highest level recorded within the year.
This was revealed in the latest CBN Money and Credit Statistics report.
The figure represents a sharp increase from N26.3 trillion recorded in November 2025, signalling rising government dependence on central bank financing.
Additionally, the December 2025 borrowing exceeded the N27.1 trillion recorded in the same month of 2024, highlighting a significant year-on-year growth.
What the data is saying
Government borrowing from the CBN reached N34.2 trillion in December 2025, the peak level for the year. This was a substantial rise from N26.3 trillion in November 2025, reflecting a steep month-on-month increase.
The December 2025 figure surpassed the N27.1 trillion recorded in December 2024, indicating a continued year-on-year rise in central bank financing.
•The surge reflects increasing fiscal pressures, growing expenditure obligations, and persistent revenue shortfalls towards the year-end.
These developments have sparked concerns about fiscal sustainability and the inflationary risks associated with heavy borrowing from the apex bank.
The data demonstrates growing government reliance on Ways and Means Advances, a temporary funding mechanism provided by the CBN.
The Federal Government has long relied on CBN Ways and Means Advances to bridge funding gaps, especially during periods of revenue shortfalls and rising expenditure pressures.
Since the Petroleum Industry Act was enacted in 2021, the government has made efforts to stabilise public finances, including securitising portions of these advances to ease immediate fiscal pressures.
However, sustained borrowing has raised concerns about compliance with statutory limits set under Section 38 of the CBN Act, which caps borrowing at 5% of the previous year’s actual revenue.
Despite initiatives to manage borrowing levels, the government’s dependence on central bank financing has often sparked debates about its potential impact on inflation, fiscal sustainability, and credit availability for the private sector.
In 2024, the government settled N7.3 trillion in Ways and Means Advances, signaling a commitment to reduce outstanding debt while pledging increased reliance on domestic resources.
What you should know
A recent CBN report highlights positive external sector developments. Nigeria moved into a net lending position of $320 million in Q3 2025.
•This improvement was driven by a sharp rise in foreign direct investment (FDI) liabilities, which increased to $0.72 billion in Q3 2025 from $0.09 billion in Q2 2025, signalling stronger long-term investor confidence in the Nigerian economy.
•Conversely, portfolio investment inflows declined to $2.51 billion from $5.28 billion in the previous quarter, indicating a moderation of short-term capital while longer-term investments improved.
No fewer than six inmates have died within one week following a suspected cholera outbreak at the Kurmawa Maximum Prison in Kano State.
Amnesty International raised the alarm in a post on its official Facebook page, calling on authorities to immediately declare an emergency at the correctional facility.
Amnesty said several other inmates were currently receiving treatment, warning that the death toll could be higher as the suspected disease continues to spread among prisoners.
It urged the authorities to immediately transfer critically ill inmates to hospitals for proper medical attention to prevent further deaths.
The organisation warned that failure to urgently intervene could amount to arbitrary deprivation of life, which it described as a serious human rights violation under international law.
Amnesty also expressed concern over the broader conditions in Nigerian correctional facilities, particularly the prolonged detention of inmates awaiting trial.
According to the organisation, detainees without financial means face greater difficulty having their rights protected, with some spending years in custody without being convicted of any crime.
It further said many inmates were being held in overcrowded and unhygienic cells without adequate food and healthcare.
Amnesty called for urgent reforms to improve conditions in Nigerian correctional facilities and ensure compliance with international best practices.
Popular media personality and self-acclaimed relationship expert, Blessing Okoro, popularly known as Blessing CEO, has reportedly lost her second son while remanded in custody.
The development was confirmed in an online appeal by Amira Agiye, head of the Isaamira Love Foundation, who spoke on Okoro’s behalf to request public financial assistance.
She said, “It is sad to announce to you all that Blessing CEO just lost her second son. My name is Amira Agiye.
“I’m here to appeal on behalf of Blessing CEO, who is currently in custody. I understand that people might have different opinions about her and the circumstances surrounding her case.
“And like every one of us, she deserves compassion and an opportunity for redemption.
She needs N20 million to meet the bail requirements. She also needs N36 million to pay the people she owes who brought the case against her.
“Please, Nigerians, let’s forgive her for the sake of that boy who is still in the mortuary. With Blessing’s full consent and authorisation, I’m appealing to all Nigerians to help donate so we can help her out of this situation.”
Also speaking in a voice conversation played by Amira, Blessing, CEO, said, “My second son, Bryan, was full of life. While in custody, I lost Bryan.
I pray this turns out positive so I can leave this place, pick up the pieces of my life and pay my respects to him.”
Recall that the self-acclaimed relationship expert was remanded in Kirikiri Prison over an N69.15 million property fraud trial.
She was granted N20 million bail in July 2026, with two sureties in like sum, and each surety was required to provide three years’ proof of deposits valued at N20 million.
Following her inability to meet the bail conditions, Blessing CEO, remains in prison facility two months after she was granted bail.
Deaconess Angel Oyakhilome, mother of Pastor Chris Oyakhilome of Christ Embassy LoveWorld Nation fame, is dead.
Reports from Edo State say that she died at the age of 88 yesterday, Friday, September 25, 2026.
A local publication, Esan News Magazine, reported thus:
“An Iroko has fallen. A mother of nations is gone. Heaven has gained a saint.
According to information made available to Esan News Magazine by a prominent member of the Ekagholo Family of Idunwele, Ewu, Esan Central Local Government Area of Edo State, the matriarch of the great Oyakhilome Clan, the beloved mother of our son Pastor Chris Oyakhilome, Deaconess Angel Oyakhilome, fondly called Big Mummy, has transited to glory.
September, 2026, leaving behind a legacy of faith, love, humility and motherhood that touched generations across the world.
“Big Mummy was not just the mother of Pastor Chris. She was the mother of all. A virtuous woman, a prayer warrior, a woman of uncommon grace who raised children that have become global blessings and pride to Esan land.
“Idunwele Ewu is mourning. Ekagholo Family is mourning. Ewu Kingdom is mourning. Esanland is mourning. For we have lost an Okpokhuo, a true jewel of Esan motherhood.
“Her life was a testimony. She lived for God, she lived for family, she lived for humanity. Her laughter brought joy. Her prayers brought strength. Her counsel brought wisdom.
“On behalf of the management and staff of Esan News Magazine and the entire Esan Nation home and abroad, we extend our deepest and heartfelt condolences to our dear elder brother, Pastor Chris Oyakhilome, the entire Oyakhilome Clan, the Ekagholo Family of Idunwele Ewu, and the Christ Embassy family worldwide.
“We mourn with you in this time of grief. We stand with you. We pray that the good Lord who called Mama home will grant you all the fortitude to bear this irreplaceable loss.
“May her gentle, beautiful and faithful soul rest in perfect peace. Rest on, Big Mummy. Rest on, beloved mother of Pastor Chris. Rest on, Iroko of Ewu.
“Adieu Mama!”
Meanwhile, a senior official of Christ Embassy who was contacted by News Express this Saturday afternoon neither confirmed nor denied the report.
He said: “I have heard the news, too, but it is not for me to confirm her death. I mean, she was aged 88.”
The official promised to make relevant contacts, adding: “I am sure that a statement would be issued if the news is true.”
Six inmates die in one week amid suspected cholera outbreak in Kano prison
Painful: Blessing CEO Loses Son While Still In Kirikiri Prison
SAD: Pastor Chris Oyakhilome’s mother is dead
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