Debt servicing costs 64% of Nigeria’s $4.36 billion foreign payments in 2024
Nigeria has spent $2.78 billion on servicing foreign debt in the first seven months of 2024, according to the international ...
Tag: Debt Servicing
World Bank says Africa’s public debt to drop in 2024
The World Bank Group has predicted a positive trend for African countries, noting that their public debt will drop in ...
Nigeria spent 111.8% of revenue on debt servicing before Tinubu emerged president – Shettima
The Vice President of Nigeria, Kashim Shettima, has said that President Bola Tinubu had to make the difficult decision to ...
Nigeria spends 96% of its revenue on debt servicing in 2021, worst on record
FG incurred a sum of N4.22 trillion on debt servicing in 2021, increasing by 29.3% compared to N3.27 trillion spent ...
CBN says heavy debt servicing is taking a toll on fiscal resources
The Central Bank of Nigeria (CBN) has stated that heavy debt servicing is taking a toll on lean fiscal resources. ...
FG spent 74% of revenue on debt servicing in the first 8months of 2021 – Minister
The Federal Government has revealed that it spent the sum of N2.89 trillion on debt servicing between January and August ...
Debt Management Office opens N150 billion Sukuk bond today
Sukuk proceeds will be used solely for the construction and rehabilitation of key roads across the six geopolitical zones of ...
Does Nigeria have a debt problem?
Join Adetayo, Lawretta Egba, Senior Financial Analyst and Olumide Adesina, Investment Analyst at Nairametrics as they dicuss how covid-19 and ...
How COVID-19 affects Nigeria’s N26 trillion refund plan
The DMO has revealed that the Coronavirus outbreak would affect the FG's ability to service Nigeria's debt which is currently ...
Debt Servicing: Nigeria pays $1.12 billion to World Bank, others in 10-month
Nigeria’s public debt stock rose to N25.7 trillion in June 2019 and the payment for servicing the debt continues to ...
