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DMO: Debt servicing hit ₦3.57trn...

DMO: Debt servicing hit ₦3.57trn in Q3...

FG spends N1.31 trillion of...

FG spends N1.31 trillion of Q1 2024...

DMO: Debt servicing hit ₦3.57trn in Q3 2024

DMO: Debt servicing hit ₦3.57trn in Q3 2024 Nigeria’s total debt service costs, covering both external and domestic obligations, surged in the third quarter of 2024, reflecting the impact of increased external debt payments and a depreciating naira. The Debt Management Office (DMO) reported that total debt service costs for Q3 2024 reached ₦3.57tn, a quarter-on-quarter increase of ₦60bn or 1.71% from ₦3.51tn recorded in Q2. External debt service payments in Q3 amounted to $1.34bn, equivalent to ₦2.14tn when converted at the September exchange rate of ₦1,601.03/$. This represents a 29.70% increase...
Uchechi Ojo -
Business & Economy

DMO: Debt servicing...

DMO: Debt servicing hit ₦3.57trn in Q3 2024 Nigeria’s total debt service costs, covering both external and domestic obligations, surged in the third quarter of...
Uchechi Ojo -
News

FG spends N1.31...

FG spends N1.31 trillion of Q1 2024 revenue on debt servicing out of N1.76 trillion generated The federal government has spent N1.31 trillion out of...
Uchechi Ojo -
Business & Economy

Over five years,...

Over five years, Nigeria allocated $15.55 billion to debt servicing - CBN Nigeria has spent a total of $15.55 billion on debt servicing between 2019...
Uchechi Ojo -
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