Latest data obtained from the Central Bank of Nigeria (CBN) has revealed that Nigeria spent about $3.07 billion towards servicing external debt. This represents a 38 percent increase, higher than the $2.22 billion spent in the corresponding period of 2022,…
In the span of 10 months, a total of $850.42 million was spent on foreign debt service, marking a significant increase of 38 percent compared to the $2.22 billion spent in 2022. Analysing the monthly breakdown of debt service payments,…
…as DMO redeems $500m eurobond By Sodiq Adelakun In the latest financial update from the Debt Management Office (DMO), Nigeria’s total public debt has been reported to have experienced a slight uptick, reaching N87.91 trillion at the end of September…
A study commissioned by ActionAid Nigeria has revealed that the country’s external debt stock increased by 410.9 per cent between 2012 and 2020, with the highest year-on-year growth recorded in 2017 at 65.82 per cent, followed by 35.16 per cent…
