Tag: Debt servicing

Nigeria Spends $2.86bn on External Debt Servicing in Eight Months — CBN

  Debt servicing consumes 69% of Nigeria’s foreign outflows Payments fell 6.5% from same period in 2024 CBN data shows erratic monthly debt obligations Nigeria spent $2.86 billion on external…

Sodiq Olaitan

Tinubu Reduces Debt Servicing to 65% Amid Economic Challenges

In a significant assessment of his administration's achievements over the past 17 months, President Bola Tinubu announced on Monday that his government has successfully reduced the nation’s debt servicing profile…

Nigeria Spends $817.4m on Debt Servicing in Q1 2025

Nigeria spent $817.4 million (approximately N1.26 trillion) on debt servicing in the first two months of 2025. This represents a 3.12% decline compared to the same period in 2024, according…