Nigeria spent $1.8 billion on external debt servicing in the fourth quarter of 2024, according to the latest data from the Debt Management Office (DMO). The...
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...
Nigeria’s fiscal landscape is facing unprecedented challenges as debt repayments now exceed both recurrent and capital expenditures. Tilewa Adebajo, CEO of The CFG Advisory, stated these...
The Federal Government’s expenditure on debt financing rose to $854.36 million in May alone, according to data released by the Central Bank of Nigeria (CBN). This...
The Federal Government has disclosed that it pays $1.12 billion to service foreign debts in the first quarter of 2024 alone. This amount shows the escalating...
In a significant development for Nigeria’s corporate landscape, several major companies have begun to settle their long-standing dollar debts following the Central Bank of Nigeria’s (CBN)...
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