Nigeria spent $817.4 million (N1.26 trillion) on debt servicing between January and February 2025, according to new figures released by the Central Bank of Nigeria (CBN)....
Nigeria’s Finance Minister, Wale Edun, has said the country’s debt service to revenue ratio has decreased from 97% in 2023 to 68% in 2024. Addressing journalists...
The Nigerian government’s 2024 fiscal plan unveils a financial landscape where servicing its mounting debt burden overshadows the allocation of salaries and pensions for its workforce....
The Federal Government's revenue projection for 2023 shows that 82% of its revenue will be used to pay interest on its debt, an improvement from 96.3%...
Nigeria spent $9.6 billion on debt servicing in 12 years
Nigeria’s rising borrowing amid low revenue generation continues to drag on the nation’s resources and development as shown by the latest report from the Debt Management...
Rising debt servicing cost poses a threat to Africa's largest economy, Nigeria. Nigeria spends over 30% of its budget on debt financing, hence why it struggles...
Nigeria spent N2.02 trillion on debt servicing, representing 90.5 percent of the total revenue in the first six months of the year. According to the Technical...
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14 billion to $14.25 billion between June 30, 2015, and March 31, 2021,...
The increasing cost of servicing debt continues to weigh on the Federal Government’s revenue profile, a PwC report has said. This report was titled ‘Nigeria Economic...