External Debt Servicing Soars by 38%, Reaches $3.53 Billion in 2024
Nigeria’s external debt servicing costs skyrocketed by 38% in the first nine months of 2024, hitting a total of $3.53 ...
Tag: Debt servicing
Debt Servicing and Salaries Dominate Nigeria’s 2025 Budget with N24.8 Trillion Allocation
The Federal Government of Nigeria has allocated a substantial portion of its 2025 budget to personnel costs, pensions, and debt ...
Developing Countries Spend Record $1.4 Trillion on Debt Servicing in 2023 – World Bank
Developing nations spent a staggering $1.4 trillion on servicing foreign debts in 2023, marking an all-time high, according to the ...
CBN Reforms Lead to $172 Million Increase in Diaspora Remittances
The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported ...
FG Spends $15 Billion on Debt Servicing Over Five Years, CBN Reports
The Federal Government of Nigeria has allocated a substantial $15.55 billion towards debt servicing from 2019 to 2024, according to ...
FG’s First-Half Budget Performance Falls Short: Economic Consequence
The Federal Government of Nigeria's budget performance in the first half of the year has fallen below expectations, underscoring the ...
ICPC Chairman Highlights Illicit Financial Flows’ Impact on Nigeria’s Economy
The Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has emphasized that Illicit ...
Exploring Nigeria’s Rising Debt: The Impact of Federal Government Borrowing from the Central Bank
Nigeria's fiscal management has been under scrutiny in recent years, and concerns about the country's rising debt levels have been ...
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