Nigeria's External Debt Servicing Rises To $2.78bn   Nigeria’s debt servicing in the first seven months of this year rose by 53.63 per cent, or $971.47m, to $2.78bn, up from the $1.81bn recorded in the same period in 2023. This was disclosed in the Weekly International Payments...

FAAC: Debt Servicing Gulps Allocation For Ondo, Osun, Two Others   Most of the Federal Accounts Allocation Committee funds for Osun, Ondo, Kaduna and Cross Rivers states will be used in servicing debts this year. The states, as indicated in their 2024 budget may have to rely...

Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Amount Spent on Debt Servicing Injuring Economy – CISLAC Civil Society Legislative Advocacy Centre (CISLAC) and Tax Justice and Governance Platform have decried the amount spent on debt servicing in the country, citing it as responsible for current economic challenges. Addressing journalists in Abuja, Executive Director...

Volatile Exchange Rate May Affect Debt Servicing – Report A new report from PricewatershouseCoopers (PwC) has revealed that Nigeria may face challenges with its debt servicing in 2024 over volatility in the forex market. This was contained in the PwC Nigeria Economic Outlook for 2024 which...