A review Nigeria's Q1 2024 debt portfolio, noting decreased total debt but rising costs due to higher interest rates.
Ivory Coast has been ranked by the Standards and Poor (S&P) global ratings as the highest rated sovereign in Sub Saharan Africa with Foreign debt outstanding. Ivory coast is the world’s largest producer of Cocoa and just managed to edge south Africa off the first position due to an improving debt profile.
Egypt’s debt crisis deepens as foreign debt rises by $3.5 billion in three months
According to data from the Debt Management Office (DMO), the total public debt in Nigeria is an estimated N97.34 trillion ($108.23 billion) as of December 2023.
The Debt Management Office (DMO) recently disclosed the total external debt stock of the 36 states and the Federal Capital Territory (FCT) reached $4.61 billion by December 31, 2023, from $4.46 billion recorded in the previous year.
Nigeria spent about 50% of its dollar payments to service external debts between January and October 2023, a significant portion underscoring the growing burden of foreign debt on the nation's economy.
Nigeria's total foreign debt for the period ending March 31st, 2023 has risen to N49.85 trillion, ( $108.30 billion) from N46.25 trillion as of December 21st 2022.
For the first time in a century, Russia defaulted on its foreign-currency government debt. However, the situation is...
The DMO has announced the redemption of Nigeria's 6.75% $500 million Jan 2021 Eurobond.
Nigeria has a total public debt (External and Domestic) of N32.22 trillion ($84.57 billion) as of September 2020.
This suggests almost all the revenue generated was used to meet debt service obligations.
Nigeria’s external debt hits a 16 year high of $27 billion in December 2019 just higher than the $20.8 billion in external debt level as at 2005.
